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FMCG shares under pressure; HUL, Godrej Consumer, Nestle slide up to 4%

Despite the correction, analysts at HDFC Securities expects more valuation risks in the next few years

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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 with most of the frontline stocks down up to 4 per cent on growth concerns. Hindustan Unilever (HUL), Godrej Consumer Products, Marico, Nestle India, Britannia Industries and Dabur India slipped between 2 per cent and 4 per cent on the BSE in Tuesday’s intra-day trade.

At 12:13 pm; the S&P BSE FMCG index was down 1.8 per cent at 13,064 points, as compared to 0.48 per cent decline in the S&P BSE Sensex. So far this year, the FMCG index has shed 5 per cent, as against 2

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First Published: Mar 22 2022 | 1:18 PM IST

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