Contrarian bets in FMCG

SECTOR UPDATE

Sales243.94 Y-o-y growth (%)14.13 Net profit16.99 Y-o-y growth (%)7.56 Price (Rs)138.60 P/E13.60 EPS - FY04 (Rs)11.00 EPS - FY05 (Rs)11.70  Pegging an EPS target of Rs 11.70 for FY05, they vouch for the investor friendliness of Marico, given the bonuses and dividends that it has been churning out.  GODREJ CONSUMER
Godrej Consumer has been a good performer, reporting a strong 15.8 per cent growth in its June-quarter revenues, thanks to its soaps and hair colour businesses. The bottomline grew over 25 per cent along with a 160 basis-point improvement in operating margins.  The company