Citi: Indian consumer staples companies' Q4 results are expected to remain largely stable

Glonghui, April 3rd | Citi analyst Vismaya Agarwal stated in a report that Indian consumer staples companies may report essentially stable fourth-quarter results. He noted that, thanks to existing low-cost inventories, recent profitability in the sector should remain resilient. However, he remains vigilant regarding both the scale and duration of rising input, packaging, and logistics costs related to crude oil. He added that companies with business exposure in the Middle East, such as Orkla India and Dabur India, also face incremental risks due to the conflict. Citi continues to favor food and beverage manufacturers over home and personal care companies. The bank's top stock picks are Britannia Industries, Godrej Consumer Products, and Tata Consumer Products.