FMCG stocks outperform in CY18; ITC, HUL among top analyst picks

Analysts attribute the volume growth to a pick-up in consumer demand in rural and urban India, which in turn lured investors to this segment

Shares of fast moving consumer goods companies (FMCG) companies have outperformed the market thus far in the calendar year 2018 (CY18), after reporting better-than-expected volume growth while reporting their March 2018 quarter (Q4FY18) results.

Thus far in CY18, the Nifty FMCG index has rallied 6.8 per cent as compared to 0.13 per cent decline in the Nifty 50, while the S&P BSE FMCG index has surged 5.1 per cent against 1.6 per cent gain in the S&P BSE Sensex.

Nifty 50 and the S&P BSE Sensex have lost 5.5 per cent and 4.6 per cent, respectively from their all-time high