Business

Buy these FMCG stocks by JP Morgan for the festive season

FMCG companies like Dabur, Marico, Nestle and Parle are creating new categories along with launching new products.

Financial services firm JP Morgan has predicted a rise in some stocks in the fast moving consumer goods (FMCG) sector in the festive season. It says that the price increases are being done in most of the FMCG categories and this will reduce the cost pressure and increase the profits for these companies.

FMCG companies have increased prices of shampoo, soap, hair oil, skincare and laundry products, besides milk additives and biscuits.

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Companies like Dabur, Marico, Parle and Nestle are creating new categories with the launch of new products. However, cost pressure may continue for the sector due to costlier crude and palm oil.

JP Morgan says online retailers are offering discounts during the festive season. Apart from this, DMart and Jiomart have also reduced prices.

JP Morgan’s favorite stocks from this sector include Godrej Consumer Products, Marico, Hindustan Unilever and Britannia.

Hindustan Unilever has increased the prices of shampoo, soap, laundry. Godrej Consumer has increased the prices of the products included in its portfolio by 6-7 percent.

JP Morgan also expects a rise in Asian Paints and Havells stocks.

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