FMCG shares under pressure; HUL falls 9% in two days

HUL, Jubilant FoodWorks, Dabur India, Nestle India, Britannia Industries, Godrej Consumer Products, Marico, and ITC were trading lower in the range of 2% to 5% on the National Stock Exchange today.

Shares of fast moving consumer goods (FMCG) companies were under pressure for the second straight day with the sector major Hindustan Unilever (HUL) slipping 9% in past two trading sessions.

Jubilant FoodWorks, Dabur India, Nestle India, Britannia Industries, Godrej Consumer Products, Marico, and ITC were trading lower in the range of 2% to 5% on the National Stock Exchange (NSE).

At 11:05 am; Nifty FMCG index, the largest loser among sectoral indices, down 2% at 31,420 points. The FMCG index has fallen 4.5% in past two trading days, as compared to 1% decline in the Nifty 50 index.