Are Marico, Emami, and Pidilite stocks in focus as analysts eye consumption trends for 2025?

Goldman Sachs expects most consumer goods companies to experience a slowdown in volume growth and a decline in gross margins due to increased costs. Leading FMCG players like Tata Consumer Products, Godrej Consumer Products, Hindustan Unilever, and Britannia Industries will be particularly affected by rising prices of palm oil, coffee, and tea. However, the brokerage firm is more optimistic about the prospects of Marico, Pidilite, and United Spirits, which are expected to perform better. Despite the challenges, Goldman Sachs believes that Marico’s strong brand portfolio, Pidilite’s consistent performance, and United Spirits’ pricing power will help them buck the trend. The brokerage firm is likely to have a closer look at the Q3 earnings reports of these companies, given its expectations about their performance.