India's HUL, Varun Beverages power consumer stocks higher amid market slump

Varun Beverages

01/08/2025 09:04

** India's consumer goods stocks climb 3.2%, the only major sub-index set to close higher this week

** Nifty FMCG .NIFTYFMCG index set for its best week in nearly four months

** Varun Beverages VARB.NS gains most, jumping 8.1% for the week

** Index heavyweights Hindustan Unilever HLL.NS and Britannia BRIT.NS climb 5.6% and 4.3%

** Q1 earnings for VARB and HLL topped estimates, fuelling hopes of a gradual demand recovery

** Dabur DABU.NS forecast higher full-year sales growth, rises 5.5% this week

** Top-weight ITC up 2% this week, due to report results after market close on Friday

** Ten stocks on index rated "buy" or higher, rest "hold" - data compiled by LSEG

** Nifty FMCG index pares YTD losses to 0.9%, but trails blue-chip Nifty 50's .NSEI 4.3% rise this year

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))