FIIs dump $5.2 billion in FMCG stocks: What could bring them back?

FMCG stocks are often seen as a defensive bet, but foreign investors have been steadily pulling money out of the sector. FIIs have sold around $5.25 billion worth of FMCG stocks over the past 12 months, even as they returned to Indian equities in July. So, why are FIIs avoiding FMCG—and what could bring them back? From slowing volume growth and rising input costs to valuations, margins and the FY27 outlook, Markets This Week breaks down what investors are watching