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Informist, Thursday, Apr. 30, 2026

MUMBAI – The movement of stocks that are part of the Nifty FMCG index indicates there may be a pause next week in the positive momentum seen so far in the sectoral index, which closed in positive territory for four weeks despite the uncertainty gripping the market, technical analysts said. Friday, the Nifty FMCG index closed 1.4% lower at 51072.10 points. For the week, the sectoral index gained 0.6%, a shade higher than the benchmark Nifty 50 index and the Nifty 200 index, both of which gained 0.4%.

"It is sustaining above its 20-day and 50-day SMA (simple moving average), reflecting short-term strength. However, the index is trading near a crucial resistance zone around 51800, which also coincides with higher moving averages," Vatsal Bhuva, technical and derivatives analyst at LKP Securities, said. "A decisive breakout above this level can trigger further upside, potentially pushing the index towards its 200-day SMA. The immediate support is placed at 50800, while resistance is seen at 51800." 

For fast-moving consumer goods companies, the conflict in West Asia has led to an inflation in almost all raw materials. According to Nomura Equity Research, prices of packaging materials, which are largely mid-to-high single-digit as a percentage of overall sales, have also increased. This is likely to be the main reason driving the cost inflation that has resulted in price hikes.

Earlier Thursday, the management of Hindustan Unilever said it has raised prices by around 2-5% across its portfolio to offset the impact of an increase of around 8-10% in prices of commodities on average.

"While RM (raw material) inflation cycle began in March, we believe that 4Q (Jan-Mar) margins will not be impacted as the companies will have inventory, which will likely continue till mid-1Q (Apr-Jun). Thus, we expect 1Q to see a partial impact and the mid-single-digit to low double-digit cost inflation can be mitigated by low-to-mid single-digit price hikes without much volume pressure, in our view," Nomura said. The brokerage expects the price inflation to pinch firms only in the September quarter.

Companies such as Marico, Nestle India, and Britannia are expected to see the least impact of cost inflation, while Colgate Palmolive (India) and United Spirits could see the most, Nomura said. Hindustan Unilever, Tata Consumer Products, and Dabur are expected to see a moderate impact.

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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:

End

Reported by Anand JC

Edited by Rajeev Pai

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