FMCG Stocks Outlook
Seen down amid lack of triggers; growth concerns weigh
This story was originally published at 20:55 IST on 26 December 2025
Register to read our real-time news.Informist, Friday, Dec. 26, 2025
MUMBAI – Shares of fast-moving consumer goods companies are expected to fall next week, mirroring the likely negative movement in the benchmark indices, in the absence of fresh triggers. Fading hopes of a revival in demand after the goods and services tax cut in September are also likely to weigh on FMCG stocks.
High valuations and continued demand woes in urban areas are expected to exert pressure on the sector until corporate results show otherwise. As of now, the December quarter earnings of FMCG companies are seen to be similar to those for the September quarter.
Lower GST on products of daily use and the income-tax rebates announced by the government were expected to boost consumption, but not a great deal. Several analysts said the boost is more likely to be seen in consumer-discretionary products, but intense competition in the sector is likely to limit margin expansion.
The Nifty FMCG index rose for the second week, closing flat Friday at 55132.05 points. The index has lost nearly 3% so far this year against a rise of over 10% in the benchmark Nifty 50 index. Technical analysts expect the sectoral index to find support at 54400 points next week. The index has been in a consolidation phase for more than six months now. Only a decisive breakout on either side of the range will help it make a firm directional move, analysts said.
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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:
| Company | Price | Week-on-week change in % | Resistance | Support |
| AWL Agri Business | 236.95 | (-)3.20 | 239.00 | 234.50 |
| Britannia Industries | 6,032.50 | (-)1.20 | 6,102.20 | 5,967.20 |
| Colgate Palmolive India | 2,087.40 | (-)1.10 | 2,127.70 | 2,061.90 |
| Dabur India | 488.20 | (-)1.20 | 494.80 | 484.50 |
| Emami | 514.70 | (-)0.90 | 521.60 | 509.60 |
| Godrej Consumer Products | 1,206.20 | 1.70 | 1,222.40 | 1,181.40 |
| Hindustan Unilever | 2,285.40 | 0.20 | 2,298.50 | 2,268.50 |
| ITC | 404.15 | 0.80 | 408.40 | 401.80 |
| Jyothy Labs | 282.35 | 0.50 | 287.70 | 273.90 |
| Marico | 743.50 | 0.30 | 754.70 | 727.10 |
| Nestle India | 1,272.60 | 2.30 | 1,292.60 | 1,241.40 |
| Procter & Gamble Hygiene and Health Care | 12,950.00 | 1.50 | 13,135.30 | 12,809.30 |
| Tata Consumer Products | 1,175.70 | (-)0.70 | 1,183.60 | 1,168.00 |
| Varun Beverages | 482.85 | 2.90 | 488.90 | 472.10 |
| Nifty FMCG | 55132.05 | 0.60 | 55383.70 | 54831.50 |
| Nifty 50 | 26042.30 | 0.30 | 26200.60 | 25929.40 |
| S&P BSE Sensex | 85041.45 | 0.10 | 85560.00 | 84678.60 |
End
Reported by Simran Rede
Edited by Rajeev Pai
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