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    FMCG companies lead in capital efficiency

    Given these facts, the street has rewarded consumer staples companies for their high RoCE.

    Synopsis

    The study was done in the context of a rapidly changing post-Covid world where capital efficiency has become increasingly important with companies such as Mahindra & Mahindra and Tata Steel refusing to support loss-making or poorly performing businesses.

    ET Intelligence Group: Fast-moving consumer goods (FMCG) firms such as Hindustan Unilever (HUL), Procter & Gamble Hygiene, Colgate-Palmolive dominate the top ranks of India’s most capital efficient companies for FY20, a study by the ET Intelligence Group shows. Among manufacturers, the top prize for capital efficiency goes to Crompton Greaves Consumer Electricals followed by Honeywell Automation, Abbott India and Asian Paints, India’s largest
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    The Economic Times