Preeyam Tolia, Equity Research Analyst at Axis Securities, expects gradual rural demand recovery and only in the second half of FY25. Likes Nestle, Jyothy Labs, Varun Beverages. FMCG companies focus on distribution, market expansion, and new products. Margins of paint sector under pressure. Positive outlook for Nestle, Jyothy Labs, Varun Beverages despite raw material inflation.
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