Consumer Sector — Q1 FY24 Earnings Overview
5 companies reported. 3 bullish, 2 neutral, 0 bearish.
Average revenue growth: 11.6%
Sector sentiment: bullish
Aggregate revenue: ₹38,676 Cr
Average margin: 13.3%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Hindunilvr | ₹15,496 Cr | — | 24.0% | neutral high |
| Asianpaint | ₹9,182 Cr | +7% | — | bullish high |
| Varun Beverages | ₹5,611 Cr | +10.9% | 27.0% | bullish high |
| Kalyan Jewellers | ₹4,376 Cr | +31% | — | bullish high |
| Britannia | ₹4,011 Cr | +9% | 15.6% | neutral medium |
Key sector risks this quarter
Asianpaint · high
Crude oil at all-time high and some raw material prices rising could pressure margins if deflation reverses.
Hindunilvr · highEl Niño has set in early, potentially impacting the latter part of the monsoon, which could affect rural demand and agri output.
Varun Beverages · mediumBevCo acquisition is recent; management needs time to improve operations and grow PepsiCo's market share from 2.2%.
Varun Beverages · mediumFinance costs increased 49.7% due to higher debt for acquisitions and CapEx; average borrowing cost rose from 7.7% to 8%.
Varun Beverages · mediumNew greenfield plants and DRC entry require smooth ramp-up; any delays could impact volume growth.