More Stories

Informist, Friday, Jul. 17, 2026

 

MUMBAI – The June-quarter earnings of fast-moving consumer goods companies are expected to improve on slightly better growth in volumes and analysts are maintaining positive views on these companies. However, on the technical front, shares of FMCG companies continue to remain in a range, unable to make a decisive move on either side. Analysts believe a substantial rise in domestic sales volumes may help stocks of FMCG companies gain some momentum in the medium term.

 

FMCG companies that are focusing more on rural areas are likely to see some pain in the June quarter, an analyst at a domestic brokerage said. "If the monsoon is going to be distributed in a better way, I think FMCG demand will hold up," the analyst said. So far, since the start of the monsoon, the country has received 231.3 mm of precipitation, 24?low the normal of 304.2 mm.

 

On the other hand, the APEC Climate Center's probabilistic El Nino-Southern Oscillation projects a strong El Nino event that is likely to persist from August to January, with chances of the event at 99.8% during Aug-Oct. It sees an "enhanced" probability of below-normal rainfall over India from August to October while a "tendency" for above-normal precipitation is likely in Nov-Jan. Most organisations have indicated that the El Nino event could peak at a level that is the highest in years.

 

The quarterly business updates of Marico, Dabur, Godrej Consumer Products, and Jubilant FoodWorks show stable demand with sequential recovery in volumes and pricing-led growth. The growth is expected to be aided by price hikes while margins are likely to be under pressure.

 

In the near term, the stocks of FMCG companies are expected to react to their June quarter earnings. Next week, FMCG giant Nestle India and alcoholic beverages maker United Spirits are slated to declare their earnings. Both stocks posted losses for two straight weeks. 

 

For the reporting quarter, Nestle India's net profit is likely to rise almost 24% on year to INR 8.15 billion and its revenue is expected to increase 18% on year to INR 60.18 billion, according to the average of estimates from 13 brokerages. United Spirits is expected to report a net profit of INR 3.25 billion, up 21% on year on a revenue of INR 26.94 billion, up nearly 6% on year, according to the average of estimates from nine brokerages.

 

The sectoral index ended Friday at 48748.70 points, up 340.70 points or 0.7%. Barring Patanjali Foods and alcohol-making companies, all its constituents ended the day higher. Over the week, the Nifty FMCG fell 1.1%, against a 0.5% rise in the benchmark Nifty 50 index. The Nifty FMCG index closed lower for the second week, while the Nifty 50 posted gains over the week.

 

TOP HEADLINES

* AWL Agri's Alife relaunches bathing soap portfolio with four new variants
* Heritage Foods Apr-Jun consol PAT falls 37.8% YoY to INR 252.19 million
* Earnings Outlook: Bikaji Foods Q1 net seen up on price hikes, volume growth
* Earnings Outlook: Dabur Q1 boost seen from price hikes, higher India sales

 

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	188.66	(-)0.70	192.40	183.10
Britannia Industries	5,412.50	1.10	5,495.50	5,257.50
Colgate-Palmolive (India)	2,042.40	(-)0.50	2,085.90	1,964.50
Dabur India	427.20	(-)3.70	432.40	419.80
Emami	409.45	(-)2.80	419.30	396.00
Godrej Consumer Products	1,071.90	(-)1.50	1,090.40	1,041.80
Hindustan Unilever	2,143.80	(-)0.30	2,192.50	2,067.70
ITC	280.70	(-)0.40	284.30	276.00
Jyothy Labs	200.30	(-)0.10	203.20	196.80
Marico	844.00	(-)1.00	865.30	819.20
Nestle India	1,427.20	(-)1.90	1,444.60	1,396.40
Procter & Gamble Hygiene and Health Care	8,720.50	(-)2.50	8,848.20	8,624.20
Tata Consumer Products	1,088.60	(-)2.10	1,102.00	1,068.20
Varun Beverages	463.35	(-)3.10	471.70	455.90
Index	Level
Nifty FMCG	48748.70	(-)1.10	49265.70	47901.50
Nifty 50	24334.30	0.50	24535.10	23998.60
S&P BSE Sensex	78151.45	0.80	78888.60	76939.50

 

End

 

Reported by Simran Rede

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.