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Dabur likely to see volume growth of 12% in FY19, says Edelweiss Securities

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Fast moving consumer goods (FMCG) stocks were in focus on Thursday as brokerages turned bullish on Nestle and Dabur following their analyst meet.

Fast moving consumer goods (FMCG) stocks were in focus on Thursday as brokerages turned bullish on Nestle and Dabur following their analyst meet.
Abneesh Roy, senior vice president of Edelweiss Securities, spoke to CNBC-TV18 about the stocks and shared outlook.
“Companies are going much deeper in terms of regionalisation something which Unilever had done a few years back. We are now seeing other companies also cash to the same theme,” said Roy.
“Dabur called out that unlike US, India will have 3-4 large big companies in FMCG e-commerce. That is very good,” he added.
“We are also going to revise our number upwards because we have upgraded our volume expectation for Dabur in FY19 to 12 percent from the initial 8 percent. Now most likely 14 percent volume growth is doable for the company. So 2-3 percent upgrade for both the companies, Dabur and Nestle is likely. We are soon going to release the note,” said Roy.