More from me coming up, but first, here is marika with Asia Business report. Britains Finance Minister Heads to india, looking for a new partnership as the Brexit Process gets under way. And find out why australias Top Real Estate Firm says the Property Market there is set for a slow down. Good morning. Welcome to Asia Business report, live from singapore. 0ne business report, live from singapore. One week after the uk triggered the process of leaving the european union, chancellor Philip Hammond is on his way to india. Businesses there are concerned about what kind of impact it could have on them. Our colleague in new delhi spoke with the president at the European Bank for reconstruction and develop it. Development. If it is a brexit which results in the uk leading the Single Market and maybe not making any further contributions to the eu budget, if you take that extreme, that has significant potentially negative impacts on some of our operations, especially in south eastern europe. B
HUL: "We expect FMCG demand to continue improving gradually. Forecast of above-normal monsoons and improving macroeconomic indicators augur well. We expect price growth to be a low single-digit decline in the first half of FY24," said Tiwari during earning call.
FMCG companies such as HUL and Nestle may need to increase their advertising spending to drive volume and value growth. The anticipated volume growth for HUL and Nestle has been lower than expected due to moderate rural discretionary spending. However, analysts believe there will be a strong rural recovery in the second half of the year, which will benefit FMCG players. Valuations for HUL and Nestle are not cheap, so their stocks may experience corrections. ITC has reported reasonable numbers, with the cigarette volume growth being a key factor to watch.