FMCG Stocks Outlook
Seen subdued on lack of trigger; earnings, war in focus
This story was originally published at 18:28 IST on 24 April 2026
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MUMBAI – Shares of fast-moving consumer goods companies are not expected to see significant movement as there are no fresh triggers for the sector but for the March quarter earnings and any new tidings from the West Asia war. The stocks have been in range for a long time and are expected to react to the corporate earnings, where volume growth will be monitored closely, analysts said.
Amid the ongoing war in West Asia, Indian consumer goods distributors have urged the government to take pre-emptive measures to cushion the FMCG sector from rising costs and supply disruptions, according to media reports. The All India Consumer Products Distributors Federation, which represents distributors across the country, has submitted a set of recommendations to the central government, warning that a prolonged war could push up prices and disrupt supply chains, reports said.
Analysts said the ongoing tensions in key global trade corridors, including the Strait of Hormuz, could have multi-layered implications for the FMCG sector, ranging from higher logistics costs to demand volatility. Additionally, the shortage of liquefied petroleum gas has already shown some impact on the March quarter earnings of FMCG companies. However, India is considering creating a financial buffer for petrol, diesel, and LPG to manage supply disruptions and global price volatility, Mint reported.
Tuesday, FMCG giant Nestle India declared its March quarter earnings with its revenue growing the highest on year in nearly a decade. The company's top line rose nearly 23% on year to INR 64.45 billion and the bottom line increased by around 26% on year to INR 11.14 billion. Eternal and Hindustan Unilever will be in focus next week as they are set to disclose their earnings.
On Friday, the Nifty FMCG index ended at 50766.25 points, down 0.7%. Only six of the 15 index constituents ended the session with gains. Immediate resistance for the Nifty FMCG is pegged at 51700-52400 points and immediate support at 50170-49300 levels, Ashish Sherigar, a technical and derivatives analyst at NVS Brokerage, said. Over the week, the index rose 2.2% while the Nifty 50 fell 1.9%.
TOP HEADLINES
* Earnings Outlook: Marico's Q4 PAT growth seen at 6-qtr high, led by volumes
* Bikaji Foods founder, chairman Shiv Ratan Agarwal passes away
* Heineken registers low-single digit revenue growth in India in March quarter
* Varun Beverages issues corporate guarantee of around INR 4.39 bln for arm
* Earnings Review: Nestle India reports decade-high YoY revenue growth in Q4
* Earnings Review: Nestle reports decade high quarterly revenue growth in Q4
* SC pulls up tax dept for routinely filing pleas, nixes case against Britannia
* Patanjali Foods to pay INR 1.75 per share 2nd interim dividend
* HMA Agro board to Sat mull divesting 100% stake in arms FNS Agro, Laal Agro
* Earnings Outlook: Improving domestic demand to aid Godrej Consumer in Q4
* Earnings Outlook: Volume boost, price hike to improve HUL PAT on year in Q4
* Earnings Outlook: Rising volumes, prices to boost consumer cos' Q4 numbers
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 | 197.74 | 6.90 | 202.40 | 192.30 |
| Britannia Industries | 5,730.50 | (-)0.10 | 5,804.50 | 5,628.50 |
| Colgate Palmolive India | 2,171.30 | 3.10 | 2,201.50 | 2,123.90 |
| Dabur India | 451.10 | 1.90 | 468.30 | 439.50 |
| Emami | 460.15 | 1.80 | 476.70 | 444.90 |
| Godrej Consumer Products | 1,089.90 | (-)1.80 | 1,171.30 | 1,043.20 |
| Hindustan Unilever | 2,327.30 | 3.90 | 2,427.90 | 2,248.70 |
| ITC | 301.60 | (-)1.70 | 308.70 | 297.60 |
| Jyothy Labs | 259.00 | 8.70 | 266.70 | 250.50 |
| Marico | 783.30 | 3.40 | 797.60 | 762.20 |
| Nestle India | 1,421.30 | 10.60 | 1,442.20 | 1,398.60 |
| Procter & Gamble Hygiene and Health Care | 10,300.00 | 3.00 | 10,559.30 | 10,120.30 |
| Tata Consumer Products | 1,174.00 | 5.50 | 1,212.70 | 1,142.70 |
| Varun Beverages | 490.45 | 3.50 | 499.80 | 476.60 |
| Index | Levels | |||
| Nifty FMCG | 50766.25 | 2.20 | 51718.70 | 50095.60 |
| Nifty 50 | 23897.95 | (-)1.90 | 24364.90 | 23580.20 |
| S&P BSE Sensex | 76664.21 | (-)2.30 | 78233.30 | 75619.40 |
End
Reported by Simran Rede
Edited by Akul Nishant Akhoury
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