Charts indicate mixed outlook for FMCG majors; HUL, ITC better placed

The FMCG index seems to be exhibiting a negative bias for now; 36,000-level is the key support.

The country's largest fast-moving consumer goods (FMCG) major, Hindustan Unilever posted better than expected performance for the quarter ended December 2021 (Q3FY22) on all fronts - sales, operating profit, and net profit.

The company reported a 18.6 per cent YoY growth in Q3FY22 net profit at Rs 2,297 crore when compared with Rs 1,937 crore in the correponding quarter a year ago. Total income grew 10.3 per cent YoY to Rs 13,439 crore from Rs 12,181 crore.

However, the commentary was worrying because the company management said the operating environment remained challenging as rural growth in volumes for