Key Points
Abneesh Roy, ED, Nuvama Institutional Equities, says our top picks in consumer stocks will be essentially United Breweries, Nestle, Bajaj Consumer, Tata Consumer, and Dabur..
Bajaj Consumer because of the festival related benefit in Maharashtra and Indigo Paints is taking a lot of proactive steps going into waterproofing, expanding the feed on Street, etc..
We always see that pan-India players, eventually get back that market share and we would see the grammage addition, the price promotions, the cross subsidisation of the lower end by the higher end by the big companies that is leading to a fight back against the local players...
Earlier in tea, lower-end detergent, biscuits, edible oils, we have seen that local players have taken some market share but eventually the large players win back that market share..
Otherwise, in terms of the updates which have come in terms of Marico, Dabur, Godrej, etc, we like the update from Dabur, they have seen good international business growth even in India, except the winter care portfolio because winter was mild, rest of the portfolio for Dabur has done well..
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