FMCG Stocks Outlook
Seen trading with gains next week, bias bullish
This story was originally published at 20:17 IST on 8 May 2026
Register to read our real-time news.Informist, Friday, May. 8, 2026
MUMBAI – Stocks part of the Nifty FMCG index are set to trade with a positive momentum again next week, technical analysts said. The Nifty FMCG index has closed with gains for five consecutive weeks, sharply outperforming the Nifty 50 index, which has closed higher for only two consecutive weeks. Analysts expect the index to trade with a bullish bias next week.
On Friday, the Nifty FMCG index closed 0.2% higher at 51165.90. Gains this week were meagre for the index as it closed only 0.2% higher. Furthermore, it was also weaker than the benchmark Nifty 50 and Nifty 200 indices, which closed 0.7% and 1.6% higher, respectively. "See Nifty FMCG support levels at 50500-49800 and resistance at 51920-52570 levels," Ashish Sherigar, technical and derivatives analyst at NVS Brokerage, said.
Dabur India was the top performer in the Nifty FMCG index, gaining a shade over 10% this week. Shares of as many as six companies closed in the red this week, with Britannia Industries being the worst performer, down 3.6%.
Britannia detailed its March quarter financials this week. Its revenue missed estimates and was weaker than its peers'. Its sales softened in March due to supply chain disruptions because of the war in West Asia. The fast-moving consumer goods major has already taken price hikes to offset the impact of cost increases.
Raw material costs have increased 8-10%. Consumer companies have taken a 2-5% price hike across portfolios to mitigate the inflationary pressure, Motilal Oswal Financial Services said in a report. The brokerage is overweight on consumer discretionary firms.
Dabur's March quarter performance was largely in line with analysts' expectations. Its margin growth was driven by strong performance in the home and personal care portfolio. In its analyst call, the company said rural markets outperformed urban areas in terms of demand and the gap narrowed compared materially compared to the December quarter
TOP HEADLINES
* Analyst Concall: Britannia to raise prices despite favourable inventory
* CCL Products Jan-Mar consol PAT rises 12.4% YoY to INR 1.15 billion
* Emami inks pact to acquire 60% stake in IncNut, arms for INR 3.21 bln
* Analyst Concall: Godrej Consumer to feel margin pressure due to W Asia war
* Andhra official allows Allied Blenders to get licence for mfg foreign liquor
* Earnings Review:Godrej Consumer posts high revenue growth Q4, PAT below view
* Radico Khaitan Jan-Mar PAT rises over 93% YoY to INR 1.75 billion
* United Breweries sets Aug 7 as record date for dividend
* United Spirits Jan-Mar consol net sales up 3.7% on year at INR 30.54 bln
* United Breweries Jan-Mar sales fall 3.2% YoY but PAT rises 4.4%
* Analyst Concall:Marico aims 33% revenue from foods, premium skincare by FY30
* Earnings Review: Marico Q4 PAT hits six-qtr high; FY26 volume growth robust
* Jyothy Labs' Jan-Mar net profit falls 12.3% YoY to INR 675.2 million
* Emami issues INR 1.76-bln corporate guarantee to HDFC Bk on behalf of 3 arms
* Analyst Concall: HUL aims to democratise Ponds, Lakme, Vaseline brands
* Analyst Concall: Amid volatility, HUL to rationalise costs, increase prices
* Reliance Retail acquires haircare brand Anomaly, expands beauty portfolio
* Will include Minimalist in underlying sales growth from Q1, says HUL CEO Nair
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 | 206.78 | 5.30 | 214.30 | 201.30 |
| Britannia Industries | 5,520.00 | (-)3.60 | 5,710.00 | 5,408.00 |
| Colgate Palmolive India | 2,197.40 | 4.80 | 2,235.50 | 2,138.30 |
| Dabur India | 487.70 | 10.50 | 503.80 | 461.00 |
| Emami | 456.95 | 2.80 | 465.30 | 445.50 |
| Godrej Consumer Products | 1,042.40 | (-)2.30 | 1,062.60 | 1,016.80 |
| Hindustan Unilever | 2,287.70 | 1.60 | 2,321.60 | 2,239.00 |
| ITC | 307.45 | (-)2.40 | 310.60 | 304.20 |
| Jyothy Labs | 261.40 | (-)1.60 | 266.80 | 254.20 |
| Marico | 831.30 | 7.30 | 842.40 | 819.60 |
| Nestle India | 1,482.40 | 1.60 | 1,509.20 | 1,456.60 |
| Procter & Gamble Hygiene and Health Care | 9,937.00 | (-)2.10 | 10,053.00 | 9,823.00 |
| Tata Consumer Products | 1,176.20 | 2.80 | 1,214.10 | 1,136.10 |
| Varun Beverages | 508.85 | (-)0.90 | 517.90 | 502.10 |
| Index | Levels | |||
| Nifty FMCG | 51165.90 | 0.20 | 51644.30 | 50517.70 |
| Nifty 50 | 24176.15 | 0.70 | 24312.70 | 24058.40 |
| S&P BSE Sensex | 77328.19 | 0.50 | 77875.00 | 76873.00 |
End
Reported by Anand JC
Edited by Avishek Dutta
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