Consumer Sector — Q3 FY24 Earnings Overview
5 companies reported. 3 bullish, 2 neutral, 0 bearish.
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Hindunilvr | ₹15,567 Cr | — | 23.7% | neutral high |
| Asianpaint | ₹9,103 Cr | — | — | bullish high |
| Kalyan Jewellers | ₹5,223 Cr | +34.5% | — | bullish high |
| Britannia | ₹4,256 Cr | +2% | 19.0% | neutral medium |
| Varun Beverages | ₹2,668 Cr | +24.1% | 16.0% | bullish high |
Key sector risks this quarter
Management noted that geopolitical situations could make crude prices volatile, potentially reversing the deflationary trend and impacting margins.
Britannia · highRegional competitors are gaining share by offering lower prices and higher trade margins, which could pressure Britannia's market share and profitability.
Hindunilvr · highRural consumer sentiment remains subdued due to lower agriculture yields and income uncertainty; recovery pace depends on winter crop yields and government spending.
Varun Beverages · mediumCampa Cola's entry with aggressive trade margins could impact market share, though management believes there is room for all players.
Varun Beverages · mediumExcessive and uneven rainfall in Q3 led to a sharp deceleration in India volume growth to 5.7%, with rural areas most affected.