Today FMCG is the worst performer as the companies in the sector are reeling under the rural slowdown for the past 1-2 quarter. The latest quarterly results of major FMCG companies showcase the pressure and slowdown in consumer products demand . The sluggishness in rural demand is the major reason of the slowdown. If this sector suffers it will automatically raised concerns over the economic situation overall and raises concern over that the next government will inherit. However, experts have put a rest to the speculation, as the slowdown is expected not to last very long, it is a temporary situation.
Below are the few scrips which are highlighted today:
UBL: UBL lost approx 1% on Wednesday .The quaterly result reported 25.26 % fall in its standalone net profit of Rs 67.92 crore for the Q4 ended March 2019. The company had posted a net profit of Rs 90.88 crore in the January-March period YoY basis.
HUL: HUL lost -1.30 % in today trade. Its price expectation is fell be by 3-9% after the fourth quarter results to factor by few brokerage house .The reason is slowdown in sales on account of the rural slowdown. Company’s revenue in the March quarter increased 9.3% to Rs 9,945 crore from the same period a year ago,
GODREJ INDUSTRIES: The stock gained approx 1% in today trade. The Diversified firm Godrej reported a consolidated profit after tax of Rs 423.65 crore for the March 2019 quaterThe company had posted a PAT of Rs 178.3 crore in the January-March quarter yoy basis.