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Informist, Friday, Jul. 31, 2026

MUMBAI – Shares of fast-moving consumer goods companies are expected to remain in a confined range next week as well, while the focus will be on the shares of FMCG bellwether ITC. The company detailed its earnings for the June quarter after-market hours Friday, with its net profit falling short of Street's view by almost 20% due to a fall in cigarettes sales.

ITC's net profit fell over 27% on year to INR 35.79 billion but its revenue from operations rose 28% on year to INR 269.43 billion on the back of revenue from its cigarettes business. Excluding the excise duty which ITC paid on cigarettes, the country's largest cigarettes maker reported an over 28% on-year decline in sales at a little over INR 169 billion in the June quarter, which is lower than the Street's estimate of around INR 186 billion.

On the earnings front for next week, shares of Britannia Industries, Marico, United Breweries, and Emami will be in focus as these companies are slated to detail their June quarter earnings next week. 

From a technical perspective, analysts still maintain their view of rangebound movement for Nifty FMCG in the near term as the index has still not broken either side of the range to make a sustainable move in a particular direction.  

"Nifty FMCG index is going through a consolidation phase having important resistance around 50550 points and support at 48000-47500 points," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "A break on either side of this consolidation range will start the next short term directional move in that direction," he said. 

Friday, the Nifty FMCG index closed a percentage point lower at 49121.20 points. For the week, the sectoral index fell just 0.1%, while the benchmark Nifty 50 rose 2.6%. All 15 constituents of Nifty FMCG closed in the red, down 0.2-2.0%. Over the week, Varun Beverages logged the maximum losses, falling 3.3%, while Radico Khaitan rose over 6%, being the top gainer in the Nifty FMCG index.

TOP HEADLINES

* Earnings Outlook: Marico Q1 PAT seen up on robust volume, soft copra price
* Earnings Outlook: Mkt shr recovery, price hikes to drive Britannia Q1 PAT
* Analyst Concall: AWL to step up capex to achieve over INR 1 trln sales aim
* Earnings Review: AWL Agri Business PAT up 48% YoY; sales up 18%
* Gillette India Apr-Jun PAT rises 9.4% YoY to INR 1.59 billion
* Astral drops chemical ops demerger plan after independent consultant review
* IPO Alert: Beauty Garage files DRHP with SEBI for INR-1.25-bln fresh issue
* Astral board decides against demerger of chemical ops; may reconsider later
* Analyst Concall: Price hikes contributed to Q1 margin rise - Radico Khaitan
* Gokul Agro Apr-Jun consol PAT rises 74% on year to INR 1.24 bln
* Earnings Review: P&G Hygiene PAT falls sharply on high cost of raw material
* Earnings Review: Colgate India Q1 sales, PAT beat view as volumes aid growth
* Analyst Concall: Bullish on wellness pdts, don't expect linear growth - HUL
* Soap ops seeing premiumisation at a structural level, says HUL CEO Nair
* Earnings Review: Radico Khaitan Q1 PAT up 70%; beats Street view
* TV: HUL planning price hikes, expects cost inflation of 2-5% QoQ in Jul-Sept
* Earnings Review: HUL Q1 PAT falls after 6 qtrs; sales growth at 13-qtr high
* Earnings Review: CCL Products Q1 PAT grows 62% YoY, beats Street view
* Tilaknagar Ind Apr-Jun consol PAT falls 64% YoY to INR 315.91 million
* Earnings Review: Godfrey Phillips Q1 PAT falls 51% on higher excise duty
* Earnings Outlook: Premiumisation to boost Radico Khaitan Q1 PAT, revenue
* Earnings Outlook: CCL Products Q1 PAT seen jumping 48% YoY on strong volumes
* Earnings Outlook: Colgate-Palmolive Q1 sales to see healthy rise on low base
* Analyst Concall: Tata Consumer may raise prices if input costs go up
* Earnings Review: Higher sales in India, price hikes drive Tata Consumer PAT

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 Simran Rede

Edited by Akul Nishant Akhoury

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