FMCG index gains over 1% in weak market; HUL, Marico, Colgate rally upto 5%

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FMCG index gains over 1% in weak market; HUL, Marico, Colgate rally upto 5% - Business Standard

Quick Summary:

The upcoming Union Budget is the near-term catalyst, where central government actions to revive consumption cycle would be key.

Q3FY25 earnings are likely to disappoint with weak winter and pressure from raw material inflation, the brokerage firm said in a sector report.

The makers also expect a shot in the arm in the upcoming annual budget, which would help the stressed middle-income group and stimulate consumption, besides a good monsoon and continued rejuvenation of the rural market, the PTI reported last week.