 "The Nifty FMCG index has remained nearly flat, registering just a 0.3 per cent increase since the start of the 2024 calendar year. As of Wednesday, the FMCG index closed at 57,177.6, compared to 56,987.2 at the end of December 2023.")
Analysts are turning their attention to the FMCG sector for several reasons. Management commentary during Q4FY24 earnings calls cited rural demand pickup, distribution expansion, new launches among others which led to some expectations of volume recovery.
Most analysts see volume expansion in single digits but the emergence of several positive factors could support double digit growth.
As a result, many FMCG stocks have seen price recovery since Q4 results. Post elections, there’s been more attention on the sector due to belief that the new political coalition will focus policy on rural pain points, leading to moves that
