FMCG Stocks Outlook
Seen in range next week on high valuations
This story was originally published at 20:03 IST on 12 December 2025
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MUMBAI – Shares of fast-moving consumer goods companies are likely to move in a range next week, with several of these stocks already underperforming the overall market for many weeks. High stock valuations in the sector are a major concern for investors at a time when these companies are expected to see only limited benefit from the lower goods and services tax, analysts said.
Lower GST on daily-use products and higher income tax rebates announced by the government are expected to lift consumption, Kotak Securities. However, several analysts said this is likely to benefit consumer-discretionary products more than daily-use products. In a strategy report Thursday, Nomura said competition in the sector is expected to limit growth and further expansion in margins.
High stock valuations have already led FMCG companies to underperform this year. The Nifty FMCG index has lost over 4% this year, as compared with an over 10% rise in the Nifty 50 index.
This week, the sectoral index ended over 1% lower, compared with a 0.5% decline in the Nifty 50. Shares of Hindustan Unilever were the worst hit, falling over 3% this week, followed by nearly 3% fall in Dabur India and 2.5% fall in Patanjali Foods.
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Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % | Resistance | Support |
| AWL Agri Business | 249.10 | (-)1.50 | 251.80 | 246.20 |
| Britannia Industries | 5915.50 | (-)0.80 | 5985.80 | 5794.80 |
| Colgate Palmolive India | 2161.30 | (-)0.10 | 2184.30 | 2130.30 |
| Dabur India | 495.00 | (-)3.00 | 507.30 | 487.90 |
| Emami | 539.55 | 2.70 | 550.30 | 521.70 |
| Godrej Consumer Products | 1153.80 | 1.60 | 1169.10 | 1131.30 |
| Hindustan Unilever | 2260.60 | (-)3.30 | 2335.70 | 2207.10 |
| ITC | 400.10 | (-)1.20 | 405.50 | 397.20 |
| Jyothy Labs | 283.25 | (-)2.40 | 285.60 | 279.90 |
| Marico | 727.05 | (-)1.30 | 733.90 | 715.30 |
| Nestle India | 1238.30 | (-)0.70 | 1255.80 | 1206.60 |
| Procter & Gamble Hygiene and Health Care | 12774.00 | 1.50 | 12984.70 | 12404.70 |
| Tata Consumer Products | 1149.30 | (-)1.20 | 1159.10 | 1133.10 |
| Varun Beverages | 479.95 | 0.00 | 486.40 | 470.20 |
| Nifty FMCG | 54490.80 | (-)1.30 | 54999.20 | 53981.90 |
| Nifty 50 | 26046.95 | (-)0.50 | 26133.50 | 25895.20 |
| S&P BSE Sensex | 85267.66 | (-)0.50 | 85545.80 | 84817.70 |
End
Reported by Anshul Choudhary
Edited by Saji George Titus
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