In the price range, the government showed that they’re specialising in rural improvement now. Schemes just like the MNREGA price range have been improved considerably by the government within the budget for 2024. MNREGA will help rural India grow extra and will grow their purchasing strength as well. Here are the 4 Best FMCG Stocks to Explode After Budget 2024.
According to the experts, authorities’ improvement schemes for rural India, like MNREGA and PMAY Grameen, will help the FMCG region as well. Earlier, the FMCG region was struggling in rural India, and even FMCG companies requested the government for a few relaxations in the price range so that they could grow their businesses in rural India.
FMCG shares indexed within the stock marketplace can even benefit from these schemes. In the coming year, you may keep an eye fixed on these shares:
- Hindustan Unilever: Hindustan Unilever is a well-known brand for everyone. Hindustan Unilever is a British company and also controls 30% of the FMCG market, making it the largest FMCG company in India. The stock went up over 1% after the budget speech and currently trades around INR 2452, close to its 52-week low. The profit of the company increased by 20% in 2023 compared with that in 2022, which makes it one of the best stocks to hold in your portfolio.
- Indian Tobacco Company (ITC): ITC has an 80% market share in the cigarette market; on the contrary, ITC Ashirwada Aata has a market share of more than 26% by volume for “aata,” making it one of the top FMCG stocks. Company profit crossed Rs 19,000 crore in 2023, exceeding even Hindustan Unilever. This means you should invest your money here instead of smoking cigarettes.
- Dabur India: Dabur India is a leading FMCG company in India, with a revenue of over 11,000 crore in 2023 and a market capitalization of Rs. 96,500 crore. Dabur India transformed itself into a nature-connected Ayurvedic company. It has enabled the company to tap into the emotions of Indians while its profit YOY remained static or not changing, meaning that it is having future sustainable growth.
- Marico: The sectors of Marico include health, beauty, and wellness. The revenue of Marico is over 9930 crores, the profit is 1,360 crores, and the net worth is more than 3900 crores. In the future, Marico Management plans to grow beyond coconut oil into the edible cooking oil business. Additionally, the company is considering expanding its operations in several other countries.