Stocks of fast moving consumer goods (FMCG) companies have been relative underperformers at the bourses thus far in financial year 2021-22 (FY22), with the S&P BSE FMCG index rising 6.3 per cent as compared to over 15 per cent gain in the benchmark S&P BSE Sensex during this period.
The underperformance, analysts said, was mostly on account of concerns of a slowdown in the overall consumption as a result of rising input costs in an inflationary environment. According to NielsenIQ, India’s FMCG market grew 12.6 per cent in the September 2021 quarter compared to the same period last