InvestorQ : Why were FMCG stocks under pressure on Tuesday 22nd March?
Rashi Mehra made post

Why were FMCG stocks under pressure on Tuesday 22nd March?

Answer
image
Archita Jajjoo answered.
2 months ago
Follow

FMCG companies came under tremendous price pressure with most frontline stocks losing 3-5% on Tuesday. There were concerns over top line growth, apart from input cost worries. Leading stocks like HUL, GCPL, Dabur, Marico, Nestle and Britannia took it on their chin. Raw material costs continues to impact gross margins by 250 bps to 400 bps. The cost spike has also impacted rural volumes as rural consumers switch to cheaper and inferior brands.

9 Views