FMCG Stocks Tumble After Godrej Consumer’s Warning

Shares of major FMCG companies like HUL, ITC, and Marico fell by up to 4% after Godrej Consumer Products warned of lower margins for the third quarter. The company cited inflation and weather impacts as key reasons for the expected dip in earnings. This announcement led to a broader decline in the FMCG sector, with the FMCG index dropping by 1.85%. Investors reacted swiftly, causing significant losses for top players in the market.