NiftyFMCG Index

FMCG and auto stocks drove Nifty and Sensex higher by over 1 per cent each, alongside strong cement, insurance buying

Godrej Consumer Products shares rose 6% on Monday as it expects to deliver high-single-digit value growth in June quarter

ITC shares dropped 4.13 per cent to ₹413 (adjusted for dividend) in Wednesday's intraday trade on the NSE following a large block deal.

While most brokerages have built in healthy revenue and profit delivery by the company over the next few years, the stock may not see much upside given high valuations

The RBI MPC, on Wednesday, unanimously decided to cut the repo rate by 25 basis points, bringing it down to 6 per cent, from 6.25 per cent earlier.

Godrej Consumer believes that due to an increase in soap prices, unseasonal rainfall, and slowdown in sales of its home insecticides (HI) segment a 'flattish' underlying volume growth

The Nifty Energy index is on the verge of a significant breakout, while, Nifty FMCG index is showing signs of a technical rebound

The sector's stocks fail to shield portfolios in current market selloff

The fall in the share price came after the company announced its June quarter (Q1FY25) results, which missed street expectations.

Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.

Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.

Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion

Technical indicators such as the RSI, MACD, and Stochastic are showing signs of potential correction and underperformance for the Nifty Pharma index

About 70.8% of public shareholders voted against the increase, a filing showed

According to analysts, the company's revenue and profit for the quarter under review may remain little changed as demand trends remain muted

The Consumer Affairs Ministry on Friday said it has asked the food safety regulator FSSAI to investigate the composition of Nestle's Cerelac baby cereals sold in India, amid a global report that claimed the company was adding higher sugar content in the product. According to findings by Swiss NGO, Public Eye and International Baby Food Action Network (IBFAN), Nestle sold baby products with higher sugar content in less developed South Asian countries including India, Africa and Latin American nations as compared to markets in Europe. "We have written to the FSSAI to take cognizance of the report on Nestle's baby product," Consumer Affairs Secretary and Central Consumer Protection Authority (CCPA) chief Nidhi Khare told PTI. In the letter written to FSSAI, Khare said it has come to the notice of the Department of Consumer Affairs through various news articles regarding the practices of Nestle company in India, particularly concerning the composition of the Nestle Cerelac cereals. As

The expiry of derivatives contracts also added to the volatility

Investors have shunned consumer stocks with shares of HUL, ITC, Britannia, Godrej Consumer, Tata Consumer, and Nestle India dropping in the range of 1-11 per cent in a month

Barring Varun Beverages that reached a new all-time high and Colgate Palmolive (India), other FMCG stocks trade fragile.

The company expects that the government's push towards raising rural incomes will result in a growth in rural consumption which the company is likely to benefit from