See stability in FMCG; prefer Dabur, Godrej Consumer Products, Marico: HDFC Securities

Naveen Trivedi, AVP-institutional research at HDFC Securities, on Friday, said that the fast-moving consumer goods (FMCG) space is now seeing stability.

The FMCG index hit a record high and crossed the milestone 40,000-mark yesterday, September 2. The index has rallied over 12 percent in the last one month.

“Now the sector is more stable, and categories which have seen more impact like the discretionary side should expect a recovery in demand. Therefore, we continue to like the sector and believe that growth rates are in the linear phase and can give relative valuation outperformance also,” Trivedi said, in an interview to CNBC-TV18.