India's consumer goods stocks look cheaper ahead of second quarter earnings
- India's FMCG stocks trade around 27% below their five-year average valuation, on October 13.
- The Nifty FMCG index trades at 30.59 times earnings, compared with its five-year median of 41.89.
- HDFC Securities expects around 12% revenue growth, but higher raw material costs could pressure profits.
- • Investors are watching second-quarter earnings to see whether stronger sales can offset rising costs.
Source: ndtvprofit.com
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