FMCG Stocks Outlook
To consolidate on lack of triggers, volume growth worry
This story was originally published at 20:02 IST on 19 December 2025
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MUMBAI – Shares of fast-moving consumer goods companies are expected to consolidate for at least the next 10 days due to lack of triggers as concerns over volume growth persist despite the lowering of goods and services tax. The cut in GST rate is positive for the sector but not enough to boost demand significantly, according to analysts.
The boost in demand for FMCG products was below expectations due to which the sector lacks an immediate positive trigger in the near term. Market participants await the December quarter earnings of FMCG companies to gauge the impact of the GST cut on consumer demand, analysts said.
The demand in urban areas is expected to remain subdued as the cut in GST is said to be not prominent in these areas. On the other hand, the demand growth in rural areas is picking up pace, analysts said. The primary headwinds for the growth in the industry are high competition, regional players gaining market share, low income growth, and trade disruption due to the lowering of GST rates, they said.
The Nifty FMCG index is expected to remain in a range of 54000–55500 points next week. The index Friday closed at 54781.35 points, up 234.90 points or 0.4% from the previous day. On a weekly basis, the index clocked gains after two weeks of losses, rising 0.5%. On the other hand, the Nifty 50 ended the week on a negative note, down 0.3%.
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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 | 244.85 | (-)1.70 | 252.50 | 233.90 |
| Britannia Industries | 6103.00 | 3.20 | 6194.00 | 5947.00 |
| Colgate Palmolive India | 2111.10 | (-)2.30 | 2137.50 | 2064.90 |
| Dabur India | 493.95 | (-)0.20 | 497.10 | 489.90 |
| Emami | 519.25 | (-)3.80 | 538.20 | 506.80 |
| Godrej Consumer Products | 1186.20 | 2.80 | 1206.00 | 1164.20 |
| Hindustan Unilever | 2280.00 | 0.90 | 2297.30 | 2255.10 |
| ITC | 401.05 | 0.20 | 403.70 | 398.90 |
| Jyothy Labs | 281.00 | (-)0.80 | 287.90 | 275.60 |
| Marico | 741.20 | 2.00 | 750.00 | 728.20 |
| Nestle India | 1244.40 | 0.50 | 1256.60 | 1223.60 |
| Procter & Gamble Hygiene and Health Care | 12756.00 | (-)0.10 | 13119.30 | 12539.30 |
| Tata Consumer Products | 1184.00 | 3.00 | 1196.70 | 1163.30 |
| Varun Beverages | 469.40 | (-)2.20 | 481.00 | 461.20 |
| Index | Level | |||
| Nifty FMCG | 54781.35 | 0.50 | 55062.30 | 54366.60 |
| Nifty 50 | 25966.40 | (-)0.30 | 26059.60 | 25833.80 |
| S&P BSE Sensex | 84929.36 | (-)0.40 | 85243.10 | 84578.10 |
End
Reported by Simran Rede
Edited by Ashish Shirke
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