Citigroup: Indian consumer essential goods company fourth quarter performance is expected to remain stable.

Citigroup analyst Vismaya Agarwal stated in a report that Indian consumer goods companies may announce relatively stable performance in the fourth quarter. He said that due to existing low-cost inventory, the industry's recent profitability should be resilient. However, he remains cautious about the scale and sustainability of increases in input costs related to crude oil, packaging, and logistics. He added that companies with exposure to the conflict, such as Orkla India and Dabur India, also face incremental risks. Citigroup continues to favor food and beverage manufacturers over household and personal care companies. The top stock picks for the firm are Britannia Industries, Godrej Consumer Products, and Tata Consumer Products.