Investors shun top FMCG stocks amid market rally; Tata Consumer outlier

M-cap of top 10 firms has risen 12% in 1 year, against 42% rally in Nifty50

Once the most loved stocks on the bourses, the country’s top fast-moving consumer goods (FMCG) companies such as Hindustan Unilever, ITC, Nestle, Britannia, and Dabur have received little interest from equity investors off late.

The combined market capitalisation of the 10 biggest FMCG companies has risen just 11 per cent over the past 12 months, against a 42 per cent rally in the benchmark NSE Nifty50.

The recent rally in the broader market has also created a performance gap for FMCG stocks over the last two-and-a-half years. The FMCG stocks in Business Standard’s sample are up 22 per cent on average since