FMCG index hits 21-month low; HUL, Marico, Nestle, Dabur down up to 3%

FMCG stocks: In the past one month, the BSE FMCG index has tanked 12 per cent as compared to 7 per cent decline in the BSE Sensex

Shares of fast-moving consumer goods (FMCG) companies were under pressure on Tuesday, with the BSE FMCG index hitting a 21-month low in intraday trade due to demand and inflationary stress. Urban demand trends remain tepid, and recovery is likely to be gradual, aided by peaked-out inflation and expected benefits from income-tax rate cuts, according to analysts.

 

The BSE FMCG index was down 1 per cent to 18,196.88 — its lowest level since June 2023, when it had hit a low of 18,111.2 during the month. The FMCG index ended 0.4 per cent lower at 18,317.32, compared to a 0.13 per