FMCG index slips 3% on weak Q2 results; HUL tanks 8%, Nestle hits 52-wk low

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FMCG index slips 3% on weak Q2 results; HUL tanks 8%, Nestle hits 52-wk low - Business Standard

Quick Summary:

In the past one month, the FMCG index has tanked nearly 11 per cent, as against 6 per cent decline in the BSE Sensex.

In the past one month, the FMCG index has tanked nearly 11 per cent, as against 6 per cent decline in the benchmark index.

However, analysts at Axis Securities remain positive on Nestle from a long-term perspective, as current challenges such as lower volume growth and volatility in raw material prices are expected to be short-term in nature.