Prefer HUL, Britannia, Nestle over alcobev firms now: Abneesh Roy
“The worst is over for the FMCG industry in terms of margin pressure and rural volumes. It will be a gradual recovery. In terms of palm oil, it is down almost 50% from the peak and we should not see a three week high or a four week high that would be a wrong way to look at the number because year-on-year, biscuit and soap companies will see good benefits starting in Q3 in terms of margins.”
