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ORK Orkla ASA News Story

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Consumer DefensivesConservativeLarge CapNeutral

Analysts flag weak volume growth for Orkla India

** Orkla India ORKL.NS reports 7.5% Y/Y climb in Q4 profit led by price hikes in its spices business

** However, analysts flag slowing volume growth for the packaged foods company

** Citi says near-term growth will remain impacted due to distribution restructuring in Kerala as well as external headwinds due to the geopolitical uncertainties

** JP Morgan says ORKL's volume growth moderates due to Kerala weakness and subdued overseas sales

** Stock trading 0.4% lower at 621.75 rupees

** Avg rating of five analysts on ORKL at "strong buy"; median PT is 755 rupees - data compiled by LSEG

** YTD, stock down 2.1%

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

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