FMCG Recovery Strengthens: Britannia, Nestle, Titan Set for Strong March Quarter

• Abneesh Roy of Nuvama Institutional Equities predicts a strong March quarter for Britannia, Nestle, and Titan.
• Demand momentum in FMCG is improving, with November and December showing clear recovery post-GST impact.
• Roy expects around 5% volume growth in Q4, driven by GST benefits flowing to lower unit packs.
• Hindustan Unilever, Britannia, and Nestlé India are poised to benefit from GST gains and favorable raw materials.
• Titan Company's revenue growth is expected to remain strong due to fixed budget buying and store expansion, despite high gold prices.