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Informist, Friday, Jan. 30, 2026

 

MUMBAI – Shares of fast-moving consumer goods companies are expected to continue their downward trend after falling for the fifth straight week. However, analysts expect a reversal in this trend after the Union Budget for 2026-27 (Apr-Mar). Any positive trigger from the Budget is expected to help stocks in the sector to recover in the short term, analysts said.

 

Although the Nifty FMCG index rose over 1% Friday to end at 51215.20 points, it fell on a weekly basis, logging losses up to 0.9%. Over the last five weeks, the index fell over 7%. The immediate support for the index is pegged at 50500 points, while resistance is seen at 52300 points, according to Vatsal Bhuva, a technical and derivatives analyst at LKP Securities.

 

Despite the cut in goods and services tax being viewed as a major boost for consumption and seen as a positive for the sector, the Nifty FMCG index fell over 10% since the announcement of GST cuts in September. At the same time, the Nifty 50 index has risen just 2% during the same period. The benchmark index closed 0.4% lower at 25320.65 points, with the index closing in the green on a weekly basis.

 

Analysts believe the Nifty FMCG index is at an oversold position and may revert with short-term gains after the Union Budget. "The FMCG index has entered a downtrend after a clear breakdown and is currently placed at a crucial level marked in February, which earlier acted as a reversal zone and triggered an impulsive move," Bhuva of LKP Securities said. "Any positive trigger from the Union Budget could lead to a short-term recovery or rebound. However, given the weak chart structure, such a move should be treated as a pullback within the broader downtrend," he said.  

 

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* Earnings Review:Tata Consumer PAT up 38% YoY on strong volume, but slips QoQ
* Earnings Review: Marico Q3 PAT up 12% on year, in line with Street view
* AWL Agri Business arm files application to strike name from RoC
* Earnings Outlook: Marico Oct-Dec consol PAT seen rising on lower input cost
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* Marico to acquire '4700BC' parent Zea Maize for INR 2.27 bln from PVR INOX
* IFB Industries Oct-Dec consol PAT falls 23% YoY to INR 239.4 million
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* Analyst Concall: Godrej Consumer sees India volumes growing at 7-8% in 2 yrs
* Earnings Review: Godrej Consumer Q3 PAT, revenue miss estimates

 

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	213.97	2.40	220.30	204.70
Britannia Industries	5860.50	0.40	5996.50	5642.50
Colgate Palmolive India	2114.20	(-)2.40	2185.10	1993.90
Dabur India	506.60	(-)2.40	527.80	490.70
Emami	483.80	(-)4.10	494.40	472.70
Godrej Consumer Products	1154.10	(-)7.00	1180.40	1133.40
Hindustan Unilever	2373.00	(-)1.50	2411.00	2321.00
ITC	322.15	(-)0.40	330.00	312.60
Jyothy Labs	248.70	(-)0.20	254.90	239.80
Marico	729.80	(-)1.50	743.90	712.00
Nestle India	1332.40	3.00	1374.90	1261.70
Procter & Gamble Hygiene and Health Care	11766.00	(-)3.20	12363.30	11313.30
Tata Consumer Products	1133.90	(-)1.70	1163.10	1085.50
Varun Beverages	471.25	(-)0.60	481.90	457.50
Index	Levels
Nifty FMCG	51215.20	(-)0.90	51983.30	49927.40
Nifty 50	25320.65	1.10	25458.70	25144.60
S&P BSE Sensex	82269.78	0.90	82703.70	81724.10

 

End

 

Reported by Simran Rede

Edited by Tanima Banerjee

 

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