FMCG index hits new high; HUL, Godrej Consumer at record levels

Shares of fast moving consumer goods (FMCG) companies continued at their upward march on Wednesday with the Nifty FMCG index hitting a new high of 29,958 on the National Stock Exchange (NSE), fuelled by expectations of a healthy performance in June quarter, aided by a low base and a healthy underlying demand scenario.

Hindustan Unilever (HUL), Godrej Consumer Products (GCPL), Jubilant FoodWorks and Marico from the Nifty FMCG index hit their respective record highs on the NSE in intra-day trade today. At 11:43 am; Nifty FMCG index was up 0.75% at 29,938, as compared to 0.10% decline in the Nifty 50 index.

Thus far in the current calendar year 2018 (CY18), the FMCG index has rallied 11% against 4% rise in the benchmark index. Jubilant FoodWorks (up 61%), Britannia Industries (35%), GCPL (26%) and HUL (23%) were up more than 20% during this period.