ICICI Securities backs FMCG, paints and liquor as consumer outlook brightens
India’s consumer companies are having an unusually strong earnings season, with business updates from jewellery, retail, and household goods firms mostly beating expectations, according to Manoj Menon, Head of Research and Consumer Analyst at ICICI Securities. “Most of the Godrej Consumer Products I reckon as consensus positive,” Menon said, describing what he called an “outlier”…
