Bullish on Emami, Marico: Gurunath Mudlapur, Atherstone Cap

ET Now spoke to Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd., on his views on the FMCG.

What would you do with some of the FMCG majors? While the big boys have made a move, what about the slightly second rung players, the likes of an Emami or a Marico? What would you do with these?

Per se the entire sector will continue to do well because of the demand surge, which has happened because of a lot of spending power, which is coming into the middle class of India.

Even the lower and rural markets have picked up substantially over the last couple of years, so from that perspective, all kind of players in the sector are starting to gain and with the good monsoons, it should be better for the next four quarters also.
So from that perspective for all kind of companies including the midsized companies, it is going to remain a positive.