Nuvama's Abneesh Roy: FMCG monsoon-fear sell-off overdone, Q1-Q2 set to surprise

Nuvama analyst Abneesh Roy says the FMCG sell-off driven by weak monsoon and El Nino fears is overdone. He expects strong Q1-Q2 prints from Nestle, Marico, Asian Paints, Pidilite, Dabur, Colgate and Varun Beverages, supported by price hikes and resilient consumption demand.

— Source publishedTue, 2 Jun, 2026, 14:15 IST·First seen Tue, 2 Jun, 2026, 15:16 IST·Source NDTV Profit

What happened

FMCG sector · Nuvama's Abneesh Roy says FMCG sell-off on monsoon/El Nino fears is overdone, expecting strong Q1-Q2 results for Nestle, Marico, Asian Paints,

Key facts

  • ITC down 23% in 2026
  • Q1
  • Q2
  • H2

Why this matters

Use depressed FMCG valuations to scout bolt-on targets in adjacent staples and home-care niches before Q1-Q2 results re-rate the sector higher.