5 FMCG stocks to watch out

resr 5paisa Research Team

Last Updated: 7th September 2023 - 05:09 pm

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S&P BSE Fast Moving Consumer Goods opened at 16193.41 below 31.16 points on November 03 and is currently trading at 16,266.09 with a gain of  41.52 points. 

Let us see which stocks in this sector investors should keep an eye on.

Shares of Varun Beverages are rising on the bourses logging a fresh 52-week high of Rs 1200 in the intraday trades. The rally in the shares of this PepsiCo franchise was on the back of better-than-estimated performance during the quarter that ended September 30, 2022. The company posted Consolidated Profit after Tax (PAT) of Rs 395.49 crore against Rs 257.90 crore on a YoY basis. It also reported the Consolidated Net Revenue of Rs 3248.31 crore for the Q2 FY 2023 compared to Rs 2440.43 crore on a YoY basis registering a growth of 33.1%. Shares of Varun Beverages have gained 84.5 % in the last one year. In the morning session, the shares of Varun Beverages were trading at Rs 1194.25, a gain of 5.82% over its previous close.

Shares of Eveready Industries India are rising fast in the morning trades gaining 5.6%. The stock has been under selling pressure last week losing 4%. The well-known name in the dry cell batteries segment posted its Q2 results wherein net sales grew by 5.11% YoY at Rs 375.75 crore whereas PAT stood at Rs 14.73 crore which saw a degrowth of 53% YoY. In the morning session, the shares of  Eveready Industries India were trading at Rs 306.95, a gain of 4.67% over its previous close.

Procter & Gamble Hygiene and Healthcare announced financial results for the quarter that ended September 30, 2022, on October 27. The MNC with a portfolio of brands such as Vicks & Whisper posted net revenue at Rs 1040.92 crore showing a sequential growth of 37.75% while YoY it was marginally down by 1.43%. Operating Profit came in at Rs 213.98 crore, growing by 218.9% on a QoQ basis but down by 29% on a YoY basis. Similarly, PAT stood at Rs 154.41, up/down by 262.9%/29.2% on QoQ and YoY basis. In the morning session, the shares of Procter & Gamble Hygiene & Healthcare were trading at Rs 14,011.60, a loss of 0.67% over its previous close.

United Spirits, the largest spirits company in India and a flagship entity of UB group put their investment and operational plans in Delhi on the back burner as the reversal of the liquor excise policy has made sales and distribution unviable. At 12.00 pm shares of United Spirits were quoting Rs 890.80 per share with loss of 0.34% over its previous close.

Shares of Tilaknagar Industries zoomed 5% in the morning trades at Rs 95.95. At the intraday high of Rs 95.95, the stock is locked in the upper circuit of 5%. Tilaknagar Industries Ltd. (TI) is one of India’s oldest and leading manufacturers of Indian Made Foreign Liquor (IMFL) primarily dominating southern and western parts of India.

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