Diversified FMCG industry

5 companies · ₹8.1 L cr · 4 with AI deep dives

Margin pressurerevenue is growing but margin has fallen for 3 quarters to 19.0%
Revenue YoY
+18.1%
EBITDA margin
19.0%
-680bps YoY
Price, 1 year
-19.0%
25% of names up
P/E vs own 5y
-42.9%
31.0x now

Exhibit 1The quarter in numbers

constant panel of 4 companies above ₹500 cr
aggregate revenue (₹ cr)EBITDA margin (right axis)
Revenue
Jun 26
48,623 cr
Mar 26
41,853 cr
QoQ
+16.2%
Jun 25
41,171 cr
YoY
+18.1%
Peak
48,623 cr
vs peak
0.0%
EBITDA margin
Jun 26
19.0%
Mar 26
26.2%
QoQ
-720bps
Jun 25
25.8%
YoY
-680bps
Peak
27.5%
vs peak
-850bps

Breadth: 100% of 4 companies grew revenue year on year (was 75% a quarter earlier) and 50% expanded margin (was 50%).

Exhibit 2What it costs

23.93x - 39.5x across the panel today

The median name trades at 31.0x, -42.9% against this industry's own 5-year median of 54.4x, and -56.6% against its own peak of 71.5x.

Exhibit 3Structure

₹8.1 L cr

Hindustan Unilever Ltd is 57.5% of this industry by market cap. The top 5 are 100% and the top 10 are 100%.

large 2small 2micro 14 above ₹500 cr

Exhibit 4Screen

P/E below the sub-industry median of 31.04x, 5y ROCE above its median of 14.87%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

See plans

Exhibit 5Coverage (5 of 5)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹4.5 L cr
P/E
30.4x
EV/EBITDA
-
ROCE
22.2%
Margin
23.9%
Rev YoY
+5.0%
Mcap
₹3.3 L cr
P/E
16.4x
EV/EBITDA
11.1x
ROCE
36.0%
Margin
28.6%
Rev YoY
+27.6%
Mcap
₹7,415 cr
P/E
47.1x
EV/EBITDA
22.7x
ROCE
14.4%
Margin
8.7%
Rev YoY
+20.7%
Mcap
₹1,187 cr
P/E
-
EV/EBITDA
15.9x
ROCE
4.1%
Margin
5.1%
Rev YoY
+4.6%
Mcap
₹300 cr
P/E
35.0x
EV/EBITDA
10.8x
ROCE
6.4%
Margin
20.2%
Rev YoY
+44.2%

No earnings-call brief covers this industry yet. It appears once at least five companies here have a transcript analysed, or sooner from the parent industry. The numbers above do not depend on it.

AppendixThe other 0 companies

1-0
sort: mcap · composite · name