JPMorgan Ranks Packaged Foods Top FMCG Bet for Q1 FY27; ITC Revenue Under Pressure
JPMorgan's Q1 FY27 FMCG preview places packaged foods highest for revenue growth, followed by HPC and alcobev, with tobacco ranked last. ITC faces sharply lower revenue on a high base, while Marico and Nestle are poised for strong EBITDA performance.
JPMorgan's Q1 FY27 FMCG preview ranks packaged foods highest for revenue growth, followed by HPC and alcobev, with tobacco last. ITC faces sharply lower revenue on high base; Marico and Nestle poised for strong EBITDA.
Why this matters
ITC recently hit a 52-week high at Rs 327.70 and posted Q1 FY26 net profit up 3%, with cigarettes and agri offsetting FMCG margin pressure. JPMorgan's tobacco-last ranking adds fresh revenue caution.
Retail-company signals accelerating at +491200% QoQ.