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On August 21, Dabur led the losses on Nifty FMCG index by falling 2%, followed by Tata Consumer Products and United Breweries
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The sharp fall in Dabur's share price spilled over to other FMCG stocks as well, pushing the Nifty FMCG index down nearly 1% to become the worst performing sectoral index on NSE.
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Nifty FMCG index climbed as much as 1.7 percent, with key constituents such as Hindustan Unilever, ITC, Varun Beverages and Nestle India registering leading the gains.
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Within the Nifty FMCG index, 3 out of 15 constituents were in the positive territory
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FMCG sector awaits measures from the Finance Minister aimed at stimulating demand and spuring consumption growth
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Jubilant Foodworks reported 56 percent year-on-year growth in consolidated revenue for the December quarter to Rs 2,156 crore
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The year 2024 is ending on a sluggish note for FMCG companies as consumers in cities turn stingy. Demand and inflation trends will be the two key factors to closely track in the New Year
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Godrej Consumer's weak quarterly update, citing 'subdued' demand conditions in the economy expected to linger for a few more months, soured sentiment for the entire FMCG sector.
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Brokerages remain optimistic about the stock, especially after the company announced its entry into the pet food business with a Rs 500 crore investment plan
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The Union Budget 2024 is widely expected to have some pro-consumption measures to support low-income households and benefit FMCG companies. But the markets are not pinning hopes on it
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Adani Wilmar said that it achieved robust volume growth of 13 percent on-year for the quarter ended June 30, 2024, propelled by market-specific strategies in each category.
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Around 99.6 percent shareholders voted in favour of demerger, while just 0.4 percent voted against it, says ITC
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The PSU, railway, and defence stocks had become too fashionable. Now that they've fallen very fast, any rally or rebound is a good exit opportunity, says Sushil Kedia.
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The FMCG sector valuation is likely to see a re-rating with the emergence of tailwinds that align well with the enhancement in company execution, said Emkay Global.
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Every single sectoral index with the exception of FMCG closed in the red, with banks, realty, and PSU stocks falling the most. Adani group stocks too were among the biggest losers of the day.
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Sushil Kedia advises exiting financials and PSUs, and shifting focus to FMCG and small IT firms post-election. He highlighted sectoral rotation and emerging opportunities in media and mid-cap pharma sectors.
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The fourth quarter will be a dull one for the FMCG players due to sluggish rural growth, delayed winter and heightened competition, analysts say
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Marico stock has gained just a percent in the past year, underperforming the benchmark Nifty, which has risen 26 percent during the period
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To offset weak demand outside of metros and towns, companies are increasingly offering higher-quality but more expensive products
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In the event of second interim dividend, the record date shall be March 6, 2024, said the management
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Jefferies has cut HUL’s target price to Rs 2,563 from Rs 2,720, saying growth pick-up remains elusive for the FMCG major
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The FMCG major's beauty and personal care (BPC) segment will be segregated into beauty & well-being (B&W) and personal care (PC) segments, with two new division heads to oversee operations
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Analysts warn that the best of run-up for this FMCG-to-tobacco conglomerate is soon to be over as growth and profitability have begun to moderate
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Jefferies has a “buy” call on the counter, with a target price of Rs 1,200 a share, while Morgan Stanley has an “overweight” call and a target price of Rs 1,072
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The fall in raw material costs has brought smiles back to gross margins, but the runway for higher volume growth is not clearly visible
