Mahindra & Mahindra Q2 Results: Net Profit Jumps 35%
5 FMCG stocks to watch out for on October 20
Last Updated: 11th December 2022 - 03:42 am
As the festivities kick in, consumers splurge and corporates present their report cards, S&P BSE FMCG is quoting at 16,113.75 up 0.39 per cent on October 20.
Let us see which stocks in the FMCG sector investors should keep an eye on.
Agro Tech Foods Ltd(ATFL) announced financial results for the quarter that ended on June 30, 2022. Revenue was Rs 236.04 crore showing a sequential growth of 26.9%. PAT, rose sharply by 1268% QoQ at Rs 3.01 crore. It however shrunk by 42.56% YoY on account of higher other income in the base year. Being affiliated with ConAgra Foods, Inc. of USA, ATFL is engaged in the business of marketing food and food ingredients to consumers and institutional customers. In the morning session, the shares of ATFL were trading at Rs 759, a gain of 3.6% over its previous close.
Hatsun Agro Product Ltd, India’s leading private-sector dairy company has announced its financial results for the second quarter that ended in September 2022. Revenue stood at Rs 1747.72 crore as against Rs 1627.99 crore in Q2 FY 22 registering a growth of 7.35%. PAT in Q2 FY 23 was Rs 42.48 crore as against Rs 82.09 crore in Q2 FY 22 registering a decline of 48.25%. At 10.50 am shares of Hatsun Agro were quoting Rs 1000 per share with a loss of 0.7% over its previous close.
Shoppers Stop posted 57% YoY growth in consolidated net revenue (highest ever Q2 at Rs 1012.74 crore in Q2FY23 from Rs 642.07 crore, a year ago. The company reported a net profit of Rs 16.20 compared to a net loss of Rs (3.58) as it becomes debt-free with a cash surplus of Rs 13 crore. The company plans to open 12-15 stores during the year, with 6 stores to be opened in October and November.
In the morning session, the shares of Shoppers Stop are trading at Rs 767.90 a loss of 4.2% over its previous close.
Manorama Industries informed the exchanges that India Ratings and Research (Ind-Ra} has revised Manorama Industries Limited’s (MIL) outlook to Positive from Stable while affirming its Long-Term Issuer Rating at ‘IND BBB+’. Manorama Industries is one of the leading manufacturers of Sal/Mango based speciality fat, which is used to manufacture Cocoa Butter Equivalent (CBE), which in turn is used as an essential ingredient in Chocolate, Cosmetic & Healthcare Industries. In the morning session, the shares of Manorama Industries were trading at Rs 1277.80, a gain of 1.1% over its previous close.
Metro Brands announced financial results for the quarter that ended June 30, 2022. Revenue was Rs 476 crore showing a YoY growth of 46.7%. PAT, rose by 40.6% YoY at Rs 78 crore. The leading shoe brand in India also announced the acquisition of 100% shareholding of Cravatex Brands Ltd to expand its presence in the sports and athleisure space in India. In the morning session, the shares of Metro Brands were trading at Rs 884.95, a loss of 1.2% over its previous close.
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