FMCG Stocks Outlook
Seen up as Iran opens Strait of Hormuz, oil prices fall
This story was originally published at 21:05 IST on 17 April 2026
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MUMBAI – Shares of fast-moving consumer goods companies are expected to extend gains for the third consecutive week next week after clocking losses in the previous six weeks. The rise in these stocks is most likely on the back of overall market gains following Iran announcing the Strait of Hormuz as fully open for the duration of the ceasefire between Israel and Lebanon.
Iran's Foreign Minister Seyed Abbas Araghchi Friday said that the passage of all commercial vessels through the Strait of Hormuz will be open for the remainder of the ceasefire. Following this, oil prices have plummeted from their highs. At 1951 IST, the June futures contract for Brent Crude Oil on the Intercontinental Exchange was 11% lower, at $88.52 per barrel.
Friday, the Nifty FMCG index ended 2.7% higher at 49657.75 points. It was the top-gainer among sectoral indices on Friday as it bounced back from oversold levels, according to technical analysts. Going ahead, the index is likely to test 50600–51000 levels in the coming weeks. The Nifty 50 settled at 24353.55, up 0.7%.
The Nifty FMCG index rose 3% during the week ended Friday, compared with just 1.3% on the Nifty 50. Radico Khaitan was the top gainer in Nifty FMCG, rising more than 14% during the week. Varun Beverages, Colgate Palmolive (India), and Emami were among the top performers in the index, rising 6-10%. On the other hand, ITC, Patanjali Foods, and Marico were the laggards.
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The 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 | 185.01 | 1.50 | 189.30 | 180.00 |
| Britannia Industries | 5,735.50 | 3.20 | 5,866.20 | 5,503.20 |
| Colgate Palmolive India | 2,106.00 | 8.60 | 2,218.40 | 1,913.00 |
| Dabur India | 442.85 | 1.60 | 457.00 | 417.20 |
| Emami | 452.10 | 6.60 | 473.60 | 415.00 |
| Godrej Consumer Products | 1,109.40 | 2.90 | 1,143.20 | 1,052.30 |
| Hindustan Unilever | 2,240.80 | 4.00 | 2,318.30 | 2,094.30 |
| ITC | 306.80 | 0.80 | 313.00 | 300.80 |
| Jyothy Labs | 238.34 | 5.80 | 244.90 | 226.70 |
| Marico | 757.30 | (-)0.80 | 772.80 | 733.60 |
| Nestle India | 1,285.60 | 2.90 | 1,316.00 | 1,237.60 |
| Procter & Gamble Hygiene and Health Care | 10,005.00 | 2.20 | 10,146.30 | 9,790.30 |
| Tata Consumer Products | 1,113.20 | 1.80 | 1,145.50 | 1,074.90 |
| Varun Beverages | 473.90 | 9.80 | 489.40 | 445.60 |
| Index | Levels | |||
| Nifty FMCG | 49657.75 | 3.00 | 50628.90 | 47886.00 |
| Nifty 50 | 24353.55 | 1.30 | 24549.70 | 23998.00 |
| S&P BSE Sensex | 78493.54 | 1.20 | 79085.00 | 77430.50 |
End
Reported by Simran Rede
Edited by Saji George Titus
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