Nuvama's Abneesh Roy: FMCG monsoon-fear sell-off overdone, Q1-Q2 set to surprise
Nuvama analyst Abneesh Roy says the FMCG sell-off driven by weak monsoon and El Nino fears is overdone. He expects strong Q1-Q2 prints from Nestle, Marico, Asian Paints, Pidilite, Dabur, Colgate and Varun Beverages, supported by price hikes and resilient consumption demand.
Nuvama's Abneesh Roy says FMCG sell-off on monsoon/El Nino fears is overdone, expecting strong Q1-Q2 results for Nestle, Marico, Asian Paints, Pidilite, Dabur, Colgate and Varun Beverages on price hikes and consumption demand.
Why this matters
Bullish call comes after weeks of margin pressure signals: Rs 7.5/litre fuel hike post Iran war forced HUL, Nestle, Marico, Dabur into 2-5% price hikes, with Amul and Mother Dairy lifting milk prices.
Retail-brand signals steady at 865 over the last 90 days.