FMCG Sector Report for the week (09 - 13.07.2012) Stocks of fast moving consumer goods companies are expected to move in a narrow range with a negative bias next week, as sluggishness in the broader markets may reflect in these stocks. FMCG stocks were outperforming broader indices till a week back owing to their defensive nature, but lost steam over the past five sessions. However, investors are positive on FMCG companies in the long term as their margins are expected to improve owing to softening in the prices of some key commodities such as wheat, barley, sugar and milk. Over the past two months, prices of key inputs such as copra, soda ash, palm oil, safflower oil and sunflower oil have fallen. Companies such as GSK Consumer Health Care Ltd, Britannia Industries Ltd, Emami Ltd, Marico Ltd and Hindustan Unilever Ltd are seen benefiting from the downtrend in prices of raw materials.
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