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Stocks of fast-moving consumer goods companies are seen declining marginally next week as some key aspects in companies' Jul-Sep earnings have been below market expectations. This week, stocks of Hindustan Unilever have lost 3.5% as the company's sales volume growth in Jul-Sep stood at 7% as against expectations of 9-11%. Hindustan Unilever stocks are seen remaining subdued next week as investors is doubtful of the company's ability to maintain sales volume growth in the near term.
Yesterday, Marico reported its Jul-Sep consolidated net profit grew 9.7% on year. The company's shares ended down over 4% today on the results. Marico is also seen shedding value next week. This week, the BSE FMCG index has lost 0.7% in value even as broader indices have gained around 0.7%.
