Food

Unlike cigarettes, fast foods aren’t viewed with ESG lens


Investors seem to have not yet factored in these concerns regarding these stocks in the absence of a pronounced regulatory policy or public awareness campaign impacting the consumption of fast food on the lines of smoking and drinking.

Synopsis

ESG-themed concerns may still be impacting the so-called ‘sin stocks’ of cigarette and liquor companies, but the fast-food companies listing on the bourses have so far managed to dodge them even as the spotlight moves to health amid the pandemic.

ET Intelligence Group: ESG-themed concerns may still be impacting the so-called ‘sin stocks’ of cigarette and liquor companies, but the fast-food companies listing on the bourses have so far managed to dodge them even as the spotlight moves to health amid the pandemic.

While a large cigarette-to-hotels conglomerate ITC trades at the PE of 20.3 – lowest among FMCG companies – and leading liquor company United Spirits at a PE of 80.6; pizza

BY

ET Bureau

3 mins read, Last Updated:

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