Nifty FMCG is the best-performing sector of 2023 so far; will this trend continue?

The Nifty FMCG index has jumped over 15 percent in 2023 YTD versus a 3 percent rise in benchmark Nifty. Going ahead, most experts believe that the positive trend in the sector is likely to continue. Let's see what various analysts say about the sector's outlook as well as a look at their top picks.

Anand Rathi initiates coverage on FMCG with 4 'buy' calls; explains impact of RIL's entry

On the back of a cooling inflation, strong earnings growth, steady returns over the years and expanding EBITDA, domestic brokerage house Anand Rathi has initiated coverage on the FMCG sector with 4 ‘buy’ calls and 2 ‘hold’ calls.

Dabur Q3 net profit falls 5.5% to ₹476.55 crore

<ul><li>Dabur India's total expenses increased 5.63 per cent to ₹2,523.09 crore in the latest December quarter. It was ₹2,388.53 crore in the year-ago period.</li></ul>

FMCG stocks fell 2-6% in the last week on inflation worries; Nifty FMCG index is down 2.5%; What happens next?

The Nifty FMCG index fell 4.1%, or 1,895 points, from its recent 52-week high of 45,080 points. The index has corrected by nearly 2.50% in the last week alone. Varun Beverages and Godrej Consumer Products were the biggest index losers last week, falling 6.5% each.

Despite inflation, slow rural demand concerns, top brokerages positive about Dabur

<ul><li>Dabur on May 5 reported a 22 percent year-on-year (YoY) decline in consolidated net profit to ₹294.34 crore for the fourth quarter ended March 2022.</li></ul>

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Nifty FMCG is the best-performing sector of 2023 so far; will this trend continue?

markets

Anand Rathi initiates coverage on FMCG with 4 'buy' calls; explains impact of RIL's entry

markets

Dabur Q3 net profit falls 5.5% to ₹476.55 crore

markets

FMCG stocks fell 2-6% in the last week on inflation worries; Nifty FMCG index is down 2.5%; What happens next?