Consumer Sector — Q4 FY24 Earnings Overview
5 companies reported. 2 bullish, 3 neutral, 0 bearish.
Average revenue growth: 12.0%
Sector sentiment: neutral
Aggregate revenue: ₹36,862 Cr
Average margin: 14.4%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Hindunilvr | ₹15,210 Cr | — | 23.4% | neutral medium |
| Asianpaint | ₹8,731 Cr | -1.8% | — | neutral medium |
| Kalyan Jewellers | ₹4,535 Cr | +34% | 6.8% | bullish high |
| Varun Beverages | ₹4,317 Cr | +24.7% | 23.0% | bullish high |
| Britannia | ₹4,069 Cr | +3% | 19.0% | neutral medium |
Key sector risks this quarter
Hindunilvr · high
Mass skin cleansing and fabric wash liquids face increased competition from regional and global players, pressuring volumes and pricing.
Varun Beverages · mediumNew entrants like Campa are offering lower price points and higher retailer margins, potentially pressuring VBL's market share or pricing.
Varun Beverages · mediumSouth Africa operations currently have lower margins due to high modern trade mix and fixed costs; improvement may take longer than expected.
Varun Beverages · mediumAcquisitions in Tanzania and Ghana require regulatory approvals and successful integration, which could face execution challenges.
Asianpaint · mediumManagement noted that crude and monomer prices are volatile, and any geopolitical disruption could lead to input cost inflation, pressuring margins.