I think now is time to relook Marico and Dabur for investment. Recent low growth due to rural consumption pain, these companies are correcting to reasonable valuation for investment.
These companies have both growth engines – mass consumption products (volume growth) and premiumization products (value growth) . Currently, consumption sector is out of favor and PE is gettering de-rated. However, companies’ management is focused on growth and cost optimization-which could be factors for reasonable return in near future (2-3 years) –
These companies really knows Indian consumers’ need and focused on it…including middle east and African countries…I think now its time to do SIP buying!
Disc – started buying on every correction!
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