Shares of fast moving consumer goods (FMCG) companies are on fire with most of the frontline stocks such as Nestle India, Hindustan Unilever, ITC and Dabur India are trading higher by 1-4% in otherwise weak market in afternoon trades.
The Bombay Stock Exchange (BSE) FMCG index currently trading at 4,544.82 its lifetime high has surged 68.95 points or 1.5% compared to a marginal 11 points rise in the benchmark index Sensex at 1154 hours.
Analyst expects the FMCG sector will report healthy revenue growth for Q4FY2012 aided by consistent price hikes taken by companies throughout the past year.
“FMCG companies to post reasonably strong yoy growth on the volume front, owing to low base, better distribution reach and new product launches. Bottom-line growth of our FMCG universe is expected to be much higher at 20.1%, as price hikes undertaken have been higher than the increase in input costs," Angel Broking said in results preview.
