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Nifty FMCG trades higher; Emami, P&G Hygiene, Britannia, Tata Consumer outperform

Godrej Consumer Products and Radico Khaitan dragged the sector most.

November 12, 2021 12:10 IST | India Infoline News Service
Nifty FMCG Index was trading higher amid bullish markets on Friday. The Index was under pressure on Thursday amid bearish markets but was trading in the green on Friday to go with upbeat markets. 

Emami rose over 3% while Britannia Industries, Procter & Gamble Hygiene, and Tata Consumer Products were also bullish. Godrej Consumer Products and Radico Khaitan dragged the most.

Sensex and Nifty have traded nearly 60,200 and 17,950 levels. The Q2 earnings remain the focus. 

At around 12.10 pm, BSE Sensex was trading at 60,190.99 up 271.3 points or 0.45% and Nifty 50 at 17,966.35 up 92.75 points or 0.52%. Nifty FMCG was trading at, touching a high of 38,763.00 and low of 38,587.45 during intraday trade on Friday.

Emami led the gains at Rs561.45 per piece, up 3.6% yoy. Procter & Gamble Hygiene was 1.85% higher at Rs14,914.95 per piece.

Britannia climbed 1.2% higher at Rs3,687.00 per piece. Britannia Industries Ltd recently reported a 5.51% increase in total revenues for the Sep-21 quarter on consolidated basis at Rs3,607.37cr. The revenues were higher 5.99% on a sequential basis compared to Rs3,403.46cr in the Jun-21 quarter. Net profits for the Sep-21 quarter were down -22.872% on yoy basis at Rs384.22cr.

Tata Consumer Products also surged 1% at Rs845.85 per piece to lift the performance of the sector.

Godrej Consumer Products sank 3.1% at Rs920.85 per piece to emerge the top laggard while Radico Khaitan shed 2% at Rs1,057.10 per piece. 

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