ITC, Britannia, Emami - BNP Paribas suggests these 3 FMCG stocks to buy
BNP Paribas' top stock picks are ITC, Britannia and Emami in its FMCG coverage
Brokerage BNP Paribas believes that Indian FMCG companies are poised for a recovery in volumes and margins starting 2HFY23. The trend of price hikes continuing, albeit at a slower pace, as companies took calibrated price increases to offset the impact of inflation seen in earlier quarters and BNP believes this puts companies in a margin sweet spot starting 2HFY23 as the lag effect of price hikes continues, while raw material cost softens.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started