FMCG companies good for investment: Seshadri Bharathan, KSEMA Fincon Ltd
Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about Nestle and other FMCG stocks.
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| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about Nestle and other FMCG stocks.
What’s your view on Nestle? It is not the most liquid of stocks but FMCG majors, the large ones, have done fairly well in the recent past.
Definitely yes, we have seen that in FMCG space, the companies which were in cosmetics, toiletry, were companies which were being lapped up in April, May and June. But going forward, my sense is that companies - which are in food business like Nestle, Britannia, ITC - are expected to do well.
This is because if there is a growth story in India where we expect GDP to grow 8-9%, then definitely consumption would increase and people will have some discretionary spends on food items. So definitely, these companies make an investment case.
What’s your view on Nestle? It is not the most liquid of stocks but FMCG majors, the large ones, have done fairly well in the recent past.
Definitely yes, we have seen that in FMCG space, the companies which were in cosmetics, toiletry, were companies which were being lapped up in April, May and June. But going forward, my sense is that companies - which are in food business like Nestle, Britannia, ITC - are expected to do well.
This is because if there is a growth story in India where we expect GDP to grow 8-9%, then definitely consumption would increase and people will have some discretionary spends on food items. So definitely, these companies make an investment case.
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