Consumption stocks zoom in 10 years despite fall in consumer spend

The Nifty Consumption index surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138 per cent during this period

At a time when reports indicate a fall in consumer spend for the first time in four decades, an analysis of the performance of consumption-related stocks at the bourses over the past 10 years shows a different picture.

The Nifty Consumption index, a barometer of companies that represent the domestic consumption sector, including consumer non-durables, healthcare, auto, telecom services, pharmaceuticals, hotels, media & entertainment, surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138