HUL worries trigger selloff in FMCG companies
- Posted on October 25, 2024
- By Business News Today
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HUL worries trigger selloff in FMCG companies
The Nifty FMCG Index plunged nearly 3%, its steepest single-day drop in 28 months after HUL's second-quarter results missed expectations, disappointing investors. Analysts anticipate continued margin pressure for consumer companies in the near term due to rising raw material costs and weak urban demand.