STAPLE
Kitchen essentials buck slowdown trend: Hopes of demand recovery rise as staples segment sees double-digit growth in Sept qtr
Despite an overall consumption slowdown, sales of essential household items like edible oil, spices, and toothpaste are experiencing double-digit growth. This trend, observed in the July-September quarter, suggests consumers are prioritizing necessities, offering hope for an economic rebound.
Staples, essentials show strong growth amid consumption slowdown, signalling potential recovery
Despite an economic slowdown, Indian consumers are prioritizing essential goods. Staples like edible oil and spices saw double-digit growth in the last quarter, indicating a potential demand recovery on the horizon.
What is Kodo millet or Varagu? How did a staple food turn deadly for 13 elephants in MP? How does the poison work?
Ten elephants died in Madhya Pradesh's Bandhavgarh Tiger Reserve due to suspected mycotoxins from kodo millet. The mycotoxins largely stem from fungal infections during harvesting in moist conditions. Previous cases have shown similar symptoms in humans and animals, but quick treatment can aid recovery.
Turkiye's safeguard measures on polyester staple fibres impact exports; India seeks compensation
India is seeking compensation from Turkiye following Ankara's decision to extend safeguard measures on polyester staple fibres, impacting trade worth USD 22.18 million in 2023-24. India, citing WTO norms, may impose retaliatory customs duties if consultations do not resolve the issue.
Fund Manager Talk | How Bajaj Finserv AMC's Sorbh Gupta is tweaking portfolio for Samvat 2081
Over the last three years, the drivers of domestic demand have been urban consumption and premiumisation. This is changing. From here on, domestic demand - will be driven by a recovery in rural demand and a pickup in mass consumption. A good monsoon and a bumper kharif harvest are expected to improve farm incomes. Furthermore, higher social spending by state governments is also helping the rural economy recover cyclically for the first time after COVID-19.
Divyadhan Recycling Industries shares list at 31% premium on NSE SME
Divyadhan Recycling Industries shares debut on NSE SME at Rs 84, a 31.25% premium over the issue price of Rs 64. The IPO was subscribed 41 times, with high interest from non-institutional investors. The company plans to use Rs 17.03 crore for plant and machinery, with some funds set aside for general corporate purposes.
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Market rotation signals IT and consumer staples as emerging leaders: Mark Matthews
And gold and Bitcoin, I guess, are going up because the dollar is going down. So, they all can be explained in a way. But I know what you are saying, it does seem a bit too good to be true.
Maharashtra assembly polls fire up kitchen staple prices
Onions have become about 12% costlier in a week following the government's move to free up exports, according to the executives. Sugar prices have increased about 5% over the past month, they said, as the government, instead of following the usual practice of releasing more sugar in the market during the festive season, slashed the sugar quota for September by 6% to assuage the politically strong cooperatives and sugarcane farmers of Maharashtra.
Consumer staples suppliers see stable prices this festive season
Dealers and distributors are not stocking these commodities, which they generally do during the festive season, as the supply side is strong and they are lifting stock according to the requirement.
ETMarkets Smart Talk | Where is smart money moving? FIIs putting funds in consumer staples & FMCG: Sreeram Ramdas
It¡¯s a mixture of stellar results and liquidity backing the rally. Banking as a percentage of the Nifty 50 index is nearly 18%, and these banking companies have delivered solid growth on the top and bottom lines.
DTC and staples snapped up, FMCG cos are gunning for snacks now
The Indian FMCG sector is witnessing a surge in mergers and acquisitions, with Britannia reportedly in talks to acquire Kishlay Foods. This trend follows previous acquisitions of DTC startups, spice makers, and now snack companies. Major players like ITC, Dabur, and Tata Consumer Products are leading the charge, driven by competitive intensity and limited organic growth opportunities.
What¡¯s making Bernstein¡¯s Jignanshu Gor bet on retail, and restaurant over staples?
Jignanshu Gor of Bernstein SocGen is optimistic about the growth of discretionary spending in India, particularly in non-metro areas. He believes sectors like retail and restaurants will see recovery in the next 12 to 18 months. He highlights positive prospects for stocks like DMart, Trent, Devyani, and Jubilant in this landscape.
Australia shares edge lower as miners, consumer staples drag in dull trade
Australian shares fell 0.4% on Tuesday, driven down by declines in mining and consumer staples stocks. Investors were cautious ahead of local economic data and a key U.S. labour report. Leading miners and retail giants faced significant losses, reflecting thin trading influenced by a U.S. public holiday.
Shreyash Devalkar on how to spot winning stocks in India's expensive market
?It has gems jewellery and paint, consumer electronics, telecom, hospital, power, even it has power utility which is one of the highest growing segment and real estate. So, it is a combination of both cyclicals and non-cyclicals.
Dhiraj Relli on long-term themes that can provide solid returns
?I think real estate sector has also done well and we are seeing more and more green shoots there as well. So, building material is one space, industrial is another space, construction is another space where we are seeing some of the opportunities.
Shibani Sircar Kurian on 3 key factors to watch out for from Budget 2024
?Our belief is that given tax buoyancy as well as the extra dividend that the government has received from RBI, there is room to support both infrastructure-led investment growth as well as support some amount of demand revival especially where mass consumption or bottom of the pyramid, rural is concerned, so that is going to be another key factor to watch out for.
India providing enough secular themes for global investors for medium-term: Surendra Goyal
So, more medium term, that is how we think about it and it does provide some kind of a support, say for example, this year in the first four-five months we saw foreign outflows, but yet the market has continued to see a nice move up.
Expect market to consolidate; be a buyer on dips: Surendra Goyal
?So, it is a lot domestic in nature and that is what in our view is driving the markets more. And even from a flow perspective, it has been all about domestic flows and not as much about foreign flows so far this year.
Consumer staple stocks will continue to underperform: Ridham Desai
When markets start behaving like a fixed deposit, you get a little worried. Every morning you come, it is up 0.5%, that is not how stock markets are supposed to be. So, one day we will arrive and the market will be down 2%.
US cotton body seeks removal of 11% import duty on short staple cotton
US agri trade body Cotton Council International (CCI) has called for the removal of the 11% import duty on shorter staple cotton below 32mm length, which came into effect in 2021. The duty affects India's domestic textile industry, which is projected to grow to $350 billion by 2025. CCI and Supima, a non-profit trade association, will discuss mutual interest and cooperation with Indian textile companies.
The perfect white shirt does not exist: White shirt, the hero piece of personal style, is spawning many an avatar
While men had a monopoly over it for a long time, this wardrobe hero found its heroine in Marie Antoinette¡ªyes, the erstwhile enthusiast of cake¡ªwho apparently lost her head over a white ruffled cotton robe de gaulle that she wore in a 1783 portrait. As all things Marie, it was considered scandalous, but it paved the way for the white shirt in women¡¯s wardrobe. And today, it is the women¡¯s white staple that is driving the change, says Aparajita Sengupta, senior director, creatives and curation, Myntra.
Govt¡¯s focus on welfare to give tailwinds to consumption stocks
ICICI Securities prefers companies with strong execution due to shallow margin of safety in valuation multiples. Most shares trading at or above historical PE ratios.
Aam Aadmi¡¯s welfare to fare well for FMCG
FMCG stocks favored as money exits PSU stocks. Strengthening consumer sentiment, rural market support are priorities for BJP.
Markets can gain another 10% by year end: Samir Arora
?But the bottom line is that this is a big event and the FIIs who have been selling for the last few months are not going to sell like this anymore and therefore you will be in a sweet spot where domestic guys are buying and foreigners are trying to build back their positions.
PV Sindhu invests in biofortified staples brand Better Nutrition
PV Sindhu, Indian badminton player, has injected an undisclosed amount in Better Nutrition, a biofortified staples brand from Greenday that offers agri-input services such as biofortified seeds, fertilisers and agronomic practices.
Will BJP win? This market awaits June 4 results for potential shakeups in India's trade policies & global food prices
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi's policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-election could affect rice, wheat, and sugar markets, with industry leaders seeking policy shifts to address supply and demand challenges.
Pricier kitchen staples upset home budgets
The prices of kitchen essentials like pulses, wheat and sugar have been rising continuously in May as domestic production lagged due to the deficit monsoon of 2023. Limited availability of chana, urad and tur in the international markets has kept imports sluggish and expensive, while sugar and wheat prices have been ruling firm as the buffer stock has shrunk beyond comfort level.
If you can find growth at some value, that is where nirvana is for an investor: Sonam Udasi
Sonam Udasi, Senior Fund Manager at Tata Mutual Fund, discusses the fund's sector exposure, highlighting an overweight position in consumer services and underweight in consumer staples. He emphasizes the fund's adaptability to changing consumption patterns over the next 5-10 years. Udasi says: "I believe every equity investor, whatever theme they are investing in, they are looking for growth. If you can find growth at some value, that is where nirvana is as an investor."
Losing sleep over election results? 35 stocks to hedge portfolio from Prabhudas
Stating that consumption-led sectors will do better, irrespective of which government comes to power, Amnish Aggarwal gave out a list of 35 stocks like FMCG, auto, healthcare, IT services, banks, capital goods, commodities, consumer durables, and telecom.
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