Fast-moving consumer good (FMCG) major Hindustan Unilever (HUL) is expected to post a strong set of numbers for the quarter ended March 2021 (Q4FY21) supported by a lower base and improved traction in the out of home (OOH) and personal care segments. Moreover, consolidation of acquired nutrition business (GSK) could also aid the company s performance, say analysts. The company is slated to post its results on Thursday, April 29. Analysts forecast high double-digit growth in both net profit and revenues of the company on a yearly basis. The growth is expected to be driven by better demand from both rural and smaller cities led by better rural income, urban and trade channels recovery, said Gazal Nawaz, research analyst at Narnolia Financial in a result preview note.
Good Day and Tiger Biscuit-maker Britannia Industries is expected to report a strong set of numbers for January-March quarter of FY21 (Q4FY21) as consumer goods’ demand reaches pre-Covid levels. Analysts forecast a high, single-digit growth in sales volume along with up to 25 per cent YoY growth in net profit for the FMCG giant, which is slated to report its Q4 results on Tuesday, April 27. “We expect Britannia to build on its strategic pillars of innovations, affordable packs/pricing, direct distribution, adjacent product segments (cake, Cream wafers, salted snacks, milkshakes), cost efficiency programs, and high growth in Hindi heartland (1.3-1.6x) to report solid set of numbers in Q4,” noted analysts at Prabhudas Lilladher in an earnings preview report.
Updated Apr 19, 2021 | 08:44 IST
The Nifty Bank declined 2nd week in a row as Bandhan and RBL Bank declined over 10 percent each during last week. It has an open gap at 32330 and the 100-day moving average resistance is placed at 32745. Trade setup for Indian equity markets for April 19, 2021 | Photo Credit: PTI
India’s Nifty index declined for 2 weeks in a row as Adani Ports & SEZ declined the most. The 50-stock index was unable to close above the high of 12 April 2021 at 14652. Its 100-day moving average support is placed at 14316.
The Nifty Bank declined second week in a row as Bandhan and RBL Bank declined over 10 percent each during last week. It has an open gap at 32330 and the 100-day moving average resistance is placed at 32745.