壹评级：低基数助推三季度增速改善，调味品板块估值合理偏低

第一财经08-13 09:31

7月调味品行业出货增速较6月出现边际改善。第一财经“壹评级”认为，受去年下半年酒类限制政策带来的低基数效应影响，三季度行业销售同比增速有望优于二季度。若后续实际动销增速能跟上出货节奏，板块有望迎来经营拐点。　　从供需两端来看，当前市场呈现分化态势。在渠道端，以海天味业为代表的头部企业7月出货增速环比改善。库存虽略有上升，但整体仍处于良性区间。然而需求端受居民消费信心及宏观收入预期影响，再加上多雨...

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