FMCG stocks for the week after GST

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The equity market data for the first week after the GST rollout was contrary to the expectation that the FMCG sector would get a boost post-GST. Nifty FMCG index was down by 1.15% in the week that ended on Friday.

In a new directive post-GST, the Consumer Affairs Ministry provided guidelines to FMCG companies for the clearance of unsold pre-packaged items lying with manufacturers, retailers and wholesalers. The new guidelines allow companies to print, stamp or use stickers to show the new MRP on pre-GST product packages. FMCG companies are worried about the impact of this guideline on their sales.

The directive may deter some FMCG companies from raising prices to absorb the higher tax rates applicable under GST and thereby significantly impact their profitability. This might have caused some FMCG stocks to decline in the past week.

Following table shows the returns given by the FMCG stocks in Nifty FMCG index for the July 3 to 7 week:

Company   Name Weekly   Returns (%)
Jubilant FoodWorks Ltd. 9.42
United Spirits Ltd. 7.84
Tata Global Beverages Ltd. 4.06
United Breweries Ltd. 2.92
Dabur India Ltd. 2.32
Glaxosmithkline Consumer Healthcare Ltd. 2.05
Godrej Industries Ltd. 1.98
Hindustan Unilever Ltd. 0.00
Procter & Gamble Hygiene & Health   Care Ltd. -0.13
Britannia Industries Ltd. -0.31
Marico Ltd. -1.16
Godrej Consumer Products Ltd. -1.51
Emami Ltd. -1.97
ITC Ltd. -2.39
Colgate-Palmolive (India) Ltd. -3.94

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