FMCG Stocks Rally As Sensex Tumbles 5621 Points

BSE Sensex witnessed massive decline of 5621 points to 70,847 and Nifty slipped 1783 points to 21,479 at 12:33 am on Tuesday as counting for LS polls is underway. However, FMCG sector witnessed rally and defied the weak market trends. These sectors are FMCG and healthcare. FMCG stocks demonstrated surge on Tuesday, significantly defying the market rout and gained up to 4%. FMCG stocks such as Hindustan Unilever Ltd (HUL), Dabur India Ltd, Colgate, Nestle, Britannia Industries, and Marico gained between 2% to over 4% in trade today.

Current market price of Hindustan Unilever Ltd (HUL) share on BSE is Rs 2453.30 per share with the gain of 4.18%. HUL shares rose 2.56% in last 1-week and 10% in last 1-month.

Dabur India share jumped 2.77% in trade today to 560.00 per share by noon trade.
Colgate-Palmolive (India) Ltd share gained 1.05% to Rs 2713.80 per share on BSE. Colgate shares gained a little less than 1% in last 1-week.

Marico Ltd shares jumped 0.98% in trade today to 600.45 per share on BSE. Marico shares tanked over 1% in last 1-week but gained more than 16% in last 1-month.
Britannia Industries Ltd shares jumped 1.43% in trade today to 5239.45 per share in trade today and Nestle India Ltd share rose 1.30% to 2385.00 per share on Tuesday.

Dabur India Ltd declared its full year 2023-24 consolidated revenue crossed the Rs 12,000 mark to end the year at Rs 1204 crore. It marks a 7.6% rise over the previous year's Rs 11,530 crore. The full year consolidated revenue growth stood at 10.1% on a constant currency basis. Meanwhile, consolidated net profit for 2023-24 reported a jump of 7.9% to Rs 1843 crore as against Rs 1707 crore an year ago. Quarter.

Meanwhile, Dabur India shares witnessed stunning rally of 2.65% today to 520.15 in trade today. Dabur India shares gained over 2% in last 1-week and 3.37% in last 2-weeks. Dabur India recommended final dividend of Rs 2.75 per share of the face value of Re 1/- each for FY 2023-24.

Hindustan Unilever Ltd (HUL) declared a 6% decline in its standalone net profit to Rs 2406 crore for the 4th quarter ended March 31, 2024 as compared to Rs 2552 crore reported in the year ago period. The FMCG giant witnessed marginal rise in its revenue from operations to Rs 14,693 crore for the Q4 ended March 31 as against Rs 14,638 crore reported in the corresponding period of last year. Revenue in beauty and personal care declined 2.7%.

Britannia Industries on May 3 declared a decline of 3.6% year-on-year (YoY) in its consolidated net profit for the quarter ended March 31, 2024 to Rs 538.28 crore as against Rs 558.66 crore announced in the corresponding period of last year.