India's consumer staples top weekly losers as India forecasts weakest monsoon in a decade

Marico

05/06/2026 08:21

** India's consumer staples stocks .NIFTYFMCG down 2.3% for the week
** Set to be biggest loser among 16 major sectors
** India forecast El Nino-weakened monsoon in 2026 that will bring the lowest rainfall in 11 years, fuelling concerns over crops, food prices and growth
** Benchmark Nifty 50 .NSEI index can weather this risk without much damage thanks to higher water reservoir and foodgrain stocks, but weak monsoon is a concern for those sectors dependent on rural economy, analysts at CLSA say
** Hindustan Unilever HLL.NS, Dabur India DABU.NS, Marico MRCO.NS and Emami EMAM.NS could be impacted -- CLSA
** Nestle India NEST.NS and Tata Consumer TACN.NS drop 3.2% and 3.6% for the week, respectively; among six biggest pct losers on Nifty 50
** HLL down 2%, while DABU drops 4.3%
** YTD, Nifty FMCG index down 13.1% vs Nifty 50's 10.6% drop

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))