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JPMorgan sees volume-led consumer staples recovery as ITC weighs on Nifty

JP Morgan retained its 27,000 Nifty target, citing stronger domestic earnings, capex and consumption. ITC was among heavyweight drags, while the brokerage expects a volume-led consumer-staples recovery, supported by rural demand, GST relief and monsoon performance.

Newer report , , CNBC-TV18 : ITC raises Classic Connect and Gold Flake Superstar cigarette prices

  • Banaraswala: 3 → 50 outlets by March 2027
  • Nestle India: Sales +20.5% · Profit +36.3%

Reported figures

From the report. Source details below

Bull-case Nifty target: 30,000
Bear-case Nifty target: 20,500
MSCI India Q1 revenue growth: 19% YoY
MSCI India Q1 PAT growth: 16% YoY
Nifty 50 Q1 revenue growth: 20% YoY
Nifty 50 Q1 PAT growth: 12% YoY
MSCI India CY26 earnings growth estimate: 11%
MSCI India CY27 earnings growth estimate: 13%
Current peak power demand: about 271GW

Also in the report

  • Data centres, AI and EVs could add about 30GW to peak demand

The source

Source Read the source at Financial Express

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