Improved consumption trends bring cheer to FMCG counters

FMCG stocks experienced a surge following positive business updates from Godrej Consumer, Dabur, and Marico, signaling improved demand prospects. Godrej Consumer led the gains, fueled by expectations of double-digit revenue growth. While some analysts caution against generalizing the trend, optimism is driven by a favorable monsoon and anticipated urban demand uptick, potentially favoring stocks with stronger growth prospects.