Godrej Consumer Products' shares rallied even after its net profit fell 6.5 per cent in the July-September quarter to ₹459.3 crore
Emkay retained an 'Add' rating on ITC with a target price of ₹475, noting that the stock offers decent upside potential
Nifty FMCG rose 2.66 per cent in early deals after the Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, simplified the GST structure
Any disappointment on the rate front, analysts believe, could trigger a knee jerk correction fall in the stocks and sectors that have seen a good run in the last few weeks
JM Financial also turned underweight on banks, NBFCs and insurance as disbursement growth is likely to remain weak in FY26
Brokerage expects gross-profit-margin (GPM) improvement in Q2FY26 but warns that month-on-month raw-material (RM) upticks could revive price hikes from Q4
In August so far, gauges of FMCG stocks, realty, private and public sector banks have given muted returns, indicating mixed participation
The FMCG index climbed up to 1.7 per cent before easing to trade 1.2 per cent higher at 9:50 AM, while the Nifty50 slipped 0.04 per cent
FMCG stocks in demand as government plans big GST rate reforms, marking the second major fiscal stimulus in FY26 after personal income tax cuts with an aim to boost consumption.
Nearly 80 per cent of stocks from Nifty Auto, IT and FMCG indices are seen trading above the short-term moving average, indicating strength in the sector, says Axis Securities in a report.
From the Sensex pack, Hindustan Unilever (HUL), NTPC, Asian Paints and Reliance were among the top gainers.
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Early monsoon could be beneficial to agri-related and/or staple-focussed FMCG companies, while it may hurt those FMCG players that are more skewed towards summer portfolios.
The BSE Sensex fell as much as 1.06 per cent or 869.52 points to 80,727.11. Similarly, the NSE Nifty50 dropped 1.09 per cent or 361.85 points to 24,541.60.
HUL, Nestle and Tata Consumer stocks are seen trading on a divergent note after reporting Q4 earnings; technical charts suggest these stocks can potentially rally up to 15% from present levels.
The consumer giant reported a net profit fall of 5 per cent to ₹885.4 crore in the January-March quarter
HUL Q4 results preview: The company's revenue, on average, for the fourth quarter ended March 31, 2024, is anticipated at ₹14,966.97 crore as compared to ₹14,693 crore a year ago
UBS expects consumer sector to rebound in fiscal 2025-26 (FY26). Prefers Hindustan Unilever (HUL), Britannia, GCPL, Colgate, Trent and others; suggests selling Asian Paints, Dabur
Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks
The Union Government has raised the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, Finance Minister Nirmala Sitharaman said while presenting the Budget 2025