FMCG stocks in focus: HUL, Britannia, Nestle India hit new highs

Thus far in the month of April, Hindustan Unilever, Britannia Industries, Nestle India and Jubilant FoodWorks have outperformed the market by gaining in the range of 8% to 9% on the BSE.

Shares of fast moving consumer goods (FMCG) companies such as Hindustan Unilever (HUL), Britannia Industries, Nestle India and Jubilant FoodWorks have hit their respective new highs on the BSE on expectation of good profit growth.

Thus far in the month of April, all these four stocks have outperformed the market by gaining in the range of 8% to 9% on the BSE. On comparison, the S&P BSE Sensex and S&P BSE FMCG index were up 4% and 5%, respectively.

Analysts at Edelweiss Securities expect consumer goods companies to see revival on both fronts, on volume growth and margin