ITC and Marico good FMCG stocks: Avinash Gorakshekar, Anagram Capital Ltd

Avinash Gorakshekar, Head Of Research, Anagram Capital Ltd, in a chat with ET Now talks about Marico and ITC.

What would you make of the FMCG pack, particularly Marico?

On the FMCG space, these are typically defensive stocks and possibly when the market is very tightly ranged and when the market is having a negative bias, these stocks definitely fall to a lesser extent.

In this space, both Marico as well as ITC are definitely good FMCG stocks. Hopefully with a good monsoon and with better volume growth and a decent amount of pricing power, both ITC as well as Marico should be reporting decent earnings numbers. On the upper side, the comfort which we derived from a stock like ITC is that now almost all its businesses have become EBITDA positive and there is definitely good amount of stock to enter the stock even at current levels. An investor who wants to take a reasonable medium term call can always consider ITC definitely as a good portfolio choice.