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FMCG shares under pressure; Hindustan Unilever, Britannia hit 52-week lows

In the past six months, HUL and Britannia have underperformed the market by falling 20 per cent and 15 per cent, respectively, as against 1 per cent decline on the S&P BSE Sensex.

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Personal-care products maker CavinKare will also raise the prices of its shampoos and skin care products by 2-3 per next month

SI Reporter Mumbai
Shares of fast moving consumer goods (FMCG) companies were under pressure in trades on Monday, with sector giant Hindustan Unilever (HUL), down 2 per cent at Rs 2,120 and Britannia Industries, down 3 per cent at Rs 3,330. Both the stocks hit their respective 52-week lows on input cost pressure. In comparison, the S&P BSE Sensex was down 0.71 per cent at 55,462 at 10:50 am.

In the past six months, the stock of HUL and Britannia have underperformed the market by falling 20 per cent and 15 per cent, respectively, as against 1 per cent decline on the

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First Published: Feb 28 2022 | 11:25 AM IST

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