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Maintain ADD on Godrej Consumers - Inspiring show; remain constructive - HDFC Securities
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Maintain ADD on Godrej Consumers - Miss in 4Q margin; inspiring addition to team - HDFC Securities
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Nifty opened positive on Wednesday and continued its momentum through the first half of the session, but some consolidation was seen in the latter part of the day. The index closed above its 50 DMA with an intraday gain of around 135 points. The index formed a bullish candle along with a long shadow on the daily scale and continued to form higher lows for the second straight session.
The index has been seeing sustained selling pressure near the 14,880 mark since last 12 sessions. Now, it has to cross and hold above 14,880 level to witness a range breakout and an upward move towards 15,000 level, while on the downside support exists at 14,650 and 14,550 levels.
Updated Mar 02, 2021 | 22:26 IST
FMCG companies have widely spoken about high input cost pressures across categories. This can impact your morning tea, soaps and even hair oil. We look at how FMCG are majors dealing with these pressures. Representational Image  |  Photo Credit: BCCL
Key Highlights
Many FMCG companies are choosing volumes over margins and not passing on input cost pressures completely to customers
Tea prices have seen unprecedented inflation of 50 to 70 per cent since the beginning of the financial year
High fuel prices may force biscuit companies like Parle Products to increase product costs
Tea, biscuits, soaps, hair oil - all your day to day products have either gotten costlier in the recent past, or are set to be priced higher soon. With input costs pressures continuing, FMCG majors like Hindustan Unilever (HUL), Marico, Dabur, Britannia, Parle Products have all flagged off a possibility of further price hikes in a few ca
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