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Informist, Friday, Nov. 14, 2025

MUMBAI – With the September quarter earnings season drawing to a close, shares of fast-moving consumer goods companies may start gaining some traction, analysts said. Easing CPI inflation and a fall in food prices, reflecting the impact of the cut in goods and services tax rates, are expected to help.

Friday, the Nifty FMCG index closed 0.6% higher at 55560.80 points. For the week, the sectoral index snapped a three-week fall to close 0.2% higher, but still underperformed the benchmark Nifty 50 which closed 1.6% higher for the week. In the week ended Nov. 7, the sectoral index had fallen 1.4%.

Marico and Godrej Consumer Products were the top gainers in the index this week, rising 3.8% and 2.2%, respectively. Varun Beverages and Britannia Industries were the worst hit, down around 6% and 2.3%, respectively. Analysts expect the Nifty FMCG to face resistance at 56000 points and find support at 54600 points.

Marico's consolidated bottom line for the September quarter fell owing to a sharp rise in the cost of a key input--copra prices. Before this, the company had reported year-on-year growth in net profit for 11 quarters. The company's total expenses rose at a faster pace than its revenue in the September quarter, offsetting the impact of price hikes in core portfolios. Despite a slight fall in the volumes of Parachute coconut oil, the company's key segment, a near 60% value growth supported the company's performance for the quarter.

Tata Consumer Products is in talks with group company Tata 1mg to distribute the latter's products to pharmacies, which would help boost the company's sales channels, Sunil D'Souza, Tata Consumer managing director and chief executive officer, told Informist. The company's stock did not react much to this news and ended slightly higher at INR 1,157.80 on the National Stock Exchange after a choppy session.

The Delhi High Court restrained Patanjali Ayurved, parent of Patanjali Foods Ltd., from airing advertisements calling Chyawanprash sold by competitors fraud. The next hearing in the case is set for Feb. 26. This comes after Dabur India filed a plea against Patanjali Ayurved. Shares of Dabur closed 0.5% higher while those of Patanjali Foods snapped a five-session rising streak to close 0.5% lower.

For the September quarter, personal care products maker Emami reported a consolidated net profit of INR 1.48 billion, slightly lower than analysts' expectation of INR 1.55 billion and sharply down from INR 2.13 billion a year ago. Its consolidated revenue for the quarter was INR 7.99 billion, again slightly lower than the Street's view of INR 8.01 billion and down sharply from INR 8.91 billion a year ago.

Major Indian tea retailers are expected to focus on increasing their market share as production costs are poised to stabilise at lower levels. This will effectively translate into stable retail prices and the companies will continue to enjoy stable margins.

Britannia Industries shares fell after managing director and chief executive director Varun Berry resigned at the start of the week. Berry offered to serve out his notice period but the company's board waived the requirement and he was relieved from office Monday. Rakshit Hargave will take over as managing director Dec. 15. Chief Financial Officer Natarajan Venkataraman will be the interim chief executive officer, the company said.

TOP HEADLINES

* Earnings Review: Higher input costs hit Marico Q2 PAT, price hikes aid sales
* KRBL Jul-Sept consol PAT rises 68% YoY to INR 1.72 billion
* Honasa Consumer posts INR-392-mln consol PAT in Jul-Sept vs loss year ago
* Jyothy Labs Jul-Sept PAT falls 16% YoY to INR 877 million
* AWL Agri Business promoter Lence gets CCI OK to acquire 11-20% stake in co
* Bikaji Foods Jul-Sept consol PAT rises 15.6% YoY to INR 797.76 million
* Mkt share play to gain impetus as tea costs stabilise for HUL, Tata Consumer
* Varun Berry resigns as Britannia MD, CEO; co waives notice period
* Emami Jul-Sept consol PAT down 30.2% YoY as sales fall 10.3%
* Patanjali Foods to pay interim dividend of INR 1.75/shr; record date Nov. 13

Following are the resistance and support levels for key FMCG stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by Simran Rede

Edited by Rajeev Pai

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