# FMCG stocks are back in favour as investors rotate from IT and bet on demand stability.

*business · news · 2026-04-29 · Livemint*

## Key points

- The Nifty FMCG index surged 11% in April 2026, strongly outperforming the broader market.
- HUL's current P/E of 37.68 is well below its five-year average of 58.5, indicating valuation compression.
- Mutual fund and domestic institutional holdings in HUL increased year-on-year, while FII stake slightly declined.
- A key strategic focus at HUL is shifting toward higher-margin categories like skincare, beauty, and premium home care.
- HUL's Q4 FY26 results on April 30 will be pivotal; volume growth and margin outlook are key triggers.

**Companies:** Hindustan Unilever, Nestle India, HCL Tech, Infosys, ITC Limited, Dabur India, Patanjali Ayurved, Marico
**Countries:** India, United Kingdom

[Read the full story on Livemint](https://www.livemint.com/market/stock-market-news/hul-stock-in-2026-can-fmcg-s-biggest-name-deliver-the-next-leg-of-growth-11777449519807.html)

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