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Why FMCG stocks are sliding in 2026 and what lies ahead for India’s consumption giants

Last Updated: Feb 16 2026 | 6:19 PM IST

India’s FMCG sector, long seen as a defensive investment bet, is under pressure in 2026. The Nifty FMCG index has slipped even as markets remain relatively stable. What is driving this decline, which stocks are most affected, and can the sector recover?

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