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Indian market · Previous close · 19 Oct, 3:30 pm IST
Themes / FMCG / Consumption

FMCG / Consumption

Staples, branded consumption, rural recovery, and premiumisation.

FMCGAuto-built
Theme price path

FMCG / Consumption vs Nifty 500

Weekly basket performance over the latest 52 observations. Green is ahead of Nifty 500; red is behind.

Through 19 Oct 2026
Coverage healthy
Theme aheadTheme behindNifty 500Base 100 at the first visible weekLatest: Underperforming -6.9%
7683909710431 Oct 2025 | FMCG / Consumption 100.0 | Nifty 500 100.0 | In line 0.0% | breadth 44% | coverage 94%07 Nov 2025 | FMCG / Consumption 98.2 | Nifty 500 99.2 | Underperforming -1.0% | breadth 27% | coverage 94%14 Nov 2025 | FMCG / Consumption 97.8 | Nifty 500 100.5 | Underperforming -2.7% | breadth 43% | coverage 94%21 Nov 2025 | FMCG / Consumption 96.5 | Nifty 500 100.3 | Underperforming -3.8% | breadth 31% | coverage 94%28 Nov 2025 | FMCG / Consumption 96.2 | Nifty 500 100.9 | Underperforming -4.7% | breadth 45% | coverage 94%05 Dec 2025 | FMCG / Consumption 94.2 | Nifty 500 100.5 | Underperforming -6.3% | breadth 22% | coverage 95%12 Dec 2025 | FMCG / Consumption 94.1 | Nifty 500 100.1 | Underperforming -6.0% | breadth 44% | coverage 95%19 Dec 2025 | FMCG / Consumption 93.4 | Nifty 500 99.9 | Underperforming -6.5% | breadth 36% | coverage 95%26 Dec 2025 | FMCG / Consumption 93.8 | Nifty 500 100.3 | Underperforming -6.5% | breadth 50% | coverage 95%02 Jan 2026 | FMCG / Consumption 94.4 | Nifty 500 101.6 | Underperforming -7.1% | breadth 57% | coverage 95%09 Jan 2026 | FMCG / Consumption 90.9 | Nifty 500 99.0 | Underperforming -8.2% | breadth 15% | coverage 95%16 Jan 2026 | FMCG / Consumption 89.5 | Nifty 500 99.1 | Underperforming -9.7% | breadth 29% | coverage 95%23 Jan 2026 | FMCG / Consumption 85.3 | Nifty 500 95.8 | Underperforming -11.0% | breadth 14% | coverage 95%01 Feb 2026 | FMCG / Consumption 86.3 | Nifty 500 95.4 | Underperforming -9.5% | breadth 61% | coverage 95%06 Feb 2026 | FMCG / Consumption 88.1 | Nifty 500 98.8 | Underperforming -10.8% | breadth 64% | coverage 95%13 Feb 2026 | FMCG / Consumption 88.6 | Nifty 500 98.3 | Underperforming -9.9% | breadth 51% | coverage 95%20 Feb 2026 | FMCG / Consumption 87.5 | Nifty 500 98.7 | Underperforming -11.3% | breadth 33% | coverage 95%27 Feb 2026 | FMCG / Consumption 86.4 | Nifty 500 97.7 | Underperforming -11.6% | breadth 37% | coverage 96%06 Mar 2026 | FMCG / Consumption 83.7 | Nifty 500 94.8 | Underperforming -11.7% | breadth 17% | coverage 96%13 Mar 2026 | FMCG / Consumption 80.6 | Nifty 500 90.2 | Underperforming -10.6% | breadth 17% | coverage 96%20 Mar 2026 | FMCG / Consumption 80.9 | Nifty 500 90.0 | Underperforming -10.1% | breadth 51% | coverage 96%27 Mar 2026 | FMCG / Consumption 78.1 | Nifty 500 88.7 | Underperforming -12.0% | breadth 21% | coverage 96%02 Apr 2026 | FMCG / Consumption 80.4 | Nifty 500 88.3 | Underperforming -8.9% | breadth 75% | coverage 96%10 Apr 2026 | FMCG / Consumption 86.3 | Nifty 500 94.2 | Underperforming -8.4% | breadth 89% | coverage 96%17 Apr 2026 | FMCG / Consumption 89.6 | Nifty 500 96.5 | Underperforming -7.2% | breadth 83% | coverage 97%24 Apr 2026 | FMCG / Consumption 89.5 | Nifty 500 95.2 | Underperforming -6.0% | breadth 42% | coverage 97%30 Apr 2026 | FMCG / Consumption 90.3 | Nifty 500 95.7 | Underperforming -5.6% | breadth 59% | coverage 100%08 May 2026 | FMCG / Consumption 92.9 | Nifty 500 97.5 | Underperforming -4.7% | breadth 69% | coverage 100%15 May 2026 | FMCG / Consumption 89.2 | Nifty 500 95.0 | Underperforming -6.1% | breadth 20% | coverage 100%22 May 2026 | FMCG / Consumption 89.2 | Nifty 500 95.5 | Underperforming -6.6% | breadth 48% | coverage 100%29 May 2026 | FMCG / Consumption 89.6 | Nifty 500 95.6 | Underperforming -6.3% | breadth 50% | coverage 100%05 Jun 2026 | FMCG / Consumption 89.1 | Nifty 500 94.8 | Underperforming -6.0% | breadth 40% | coverage 100%12 Jun 2026 | FMCG / Consumption 88.4 | Nifty 500 95.3 | Underperforming -7.2% | breadth 39% | coverage 100%19 Jun 2026 | FMCG / Consumption 90.6 | Nifty 500 97.7 | Underperforming -7.3% | breadth 70% | coverage 100%26 Jun 2026 | FMCG / Consumption 90.5 | Nifty 500 97.5 | Underperforming -7.2% | breadth 42% | coverage 100%03 Jul 2026 | FMCG / Consumption 91.3 | Nifty 500 98.3 | Underperforming -7.1% | breadth 56% | coverage 100%10 Jul 2026 | FMCG / Consumption 90.7 | Nifty 500 98.5 | Underperforming -7.9% | breadth 39% | coverage 100%17 Jul 2026 | FMCG / Consumption 89.8 | Nifty 500 98.4 | Underperforming -8.7% | breadth 34% | coverage 100%24 Jul 2026 | FMCG / Consumption 88.5 | Nifty 500 96.7 | Underperforming -8.5% | breadth 32% | coverage 100%31 Jul 2026 | FMCG / Consumption 88.9 | Nifty 500 98.9 | Underperforming -10.1% | breadth 51% | coverage 100%07 Aug 2026 | FMCG / Consumption 91.3 | Nifty 500 100.0 | Underperforming -8.7% | breadth 65% | coverage 100%14 Aug 2026 | FMCG / Consumption 91.0 | Nifty 500 99.5 | Underperforming -8.5% | breadth 42% | coverage 100%21 Aug 2026 | FMCG / Consumption 92.7 | Nifty 500 99.1 | Underperforming -6.5% | breadth 52% | coverage 100%28 Aug 2026 | FMCG / Consumption 92.3 | Nifty 500 99.2 | Underperforming -7.0% | breadth 41% | coverage 100%04 Sept 2026 | FMCG / Consumption 91.6 | Nifty 500 98.1 | Underperforming -6.6% | breadth 37% | coverage 100%11 Sept 2026 | FMCG / Consumption 90.5 | Nifty 500 96.4 | Underperforming -6.1% | breadth 31% | coverage 100%18 Sept 2026 | FMCG / Consumption 89.3 | Nifty 500 96.3 | Underperforming -7.3% | breadth 37% | coverage 100%25 Sept 2026 | FMCG / Consumption 90.2 | Nifty 500 95.3 | Underperforming -5.4% | breadth 52% | coverage 100%01 Oct 2026 | FMCG / Consumption 86.9 | Nifty 500 92.2 | Underperforming -5.7% | breadth 13% | coverage 100%09 Oct 2026 | FMCG / Consumption 86.9 | Nifty 500 92.2 | Underperforming -5.7% | breadth 46% | coverage 100%16 Oct 2026 | FMCG / Consumption 88.0 | Nifty 500 93.9 | Underperforming -6.3% | breadth 57% | coverage 100%19 Oct 2026 | FMCG / Consumption 86.6 | Nifty 500 93.0 | Underperforming -6.9% | breadth 19% | coverage 99%Underperforming -6.9%31 Oct 202524 Apr 202619 Oct 2026
Theme return
-13.4%
Nifty 500
-7.0%
Vs Nifty 500
-6.9%
Latest coverage
214/216
How this plot is calculated

The theme line is green when its cumulative rebased performance is above Nifty 500 and red when it is below. The chart callout shows the latest relative performance as the theme level divided by the benchmark level, minus one.

The basket uses the theme's current reviewed companies. For each available week, we calculate every valid constituent's close-to-close return and give each company the same weight. If a weekly rollup is missing or lags the daily series, the final available daily close in that week is used.

For baskets with at least 10 valid stocks, the highest and lowest 5% of weekly returns are trimmed to reduce split, corporate-action, and single-stock distortions. Weekly basket returns are then compounded and rebased to 100 beside the Nifty 500.

Breadth is the share of valid constituents that rose that week. Coverage is the number with usable aligned prices divided by current membership. Weekly moves above 80% are excluded as likely data or corporate-action outliers.

Limitation: this is a current-membership historical reconstruction, not a point-in-time investable index. It can contain survivorship bias and excludes costs, liquidity impact, dividends, and rebalancing turnover.

Model note: Current-member weekly equal-weight returns (5% tails trimmed for baskets of 10+), compounded and rebased to 100 against Nifty 500; lagging weekly rollups are patched with the final available daily close, and rotation uses 13-week excess return with four-week acceleration.

Theme scorecard

Measures whether this idea is investable today by blending cohort quality, valuation cushion, and price momentum. It is a research filter, not advice.

Build portfolio from this theme
Theme
29
Stretched
Quality
15
Valuation
35
Momentum
50
Positive MoS
43%
P/E 54.7 · ROCE 14%
Curated research view

FMCG / Consumption

A focused investor view: high-conviction names first, then small/micro exposure only as controlled satellite risk. Live U-Score and MoS still come from the current database.

63/100
Theme score
Moderate
Investability
39.7
Live avg U
-734.9%
Live avg MoS

High-conviction shortlist

#1JINDRILL
Jindal Drilling And Industries Limited
80
U
SmallMoS +74.8%Piotroski 8/9
#2KMSUGAR
K.M.Sugar Mills Limited
77
U
SmallMoS +81.8%Piotroski 8/9
#3UGARSUGAR
The Ugar Sugar Works Limited
76
U
SmallMoS +73.3%Piotroski 7/9
#4MODINATUR
Modi Naturals Limited
74
U
SmallMoS +72.2%Piotroski 8/9
#5MAFATIND
Mafatlal Industries Limited
74
U
SmallMoS +59.0%Piotroski 7/9
#6FIEMIND
Fiem Industries Limited
71
U
MicroMoS +52.7%Piotroski 8/9
#7MONTECARLO
Monte Carlo Fashions Limited
70
U
SmallMoS +74.2%Piotroski 8/9
#8CANTABIL
Cantabil Retail India Limited
70
U
SmallMoS +35.5%Piotroski 7/9
#9ITC
ITC Limited
69
U
LargeMoS +47.3%Piotroski 8/9
#10PRAKASH
Prakash Industries Limited
68
U
SmallMoS +83.9%Piotroski 8/9
#11KIRIINDUS
Kiri Industries Limited
67
U
SmallMoS +98.5%Piotroski 5/9
#12SHEKHAWATI
Shekhawati Industries Limited
67
U
SmallMoS +80.2%Piotroski 4/9

Curated company map

Names from the curated theme note. Solid chips are present in the live eligible cohort; dashed chips need membership review, ticker verification, or may be indirect/unlisted exposure.

12/12 live eligible
HINDUNILVRITCNESTLEINDDABURGODREJCPMARICOBRITANNIACOLPALTATACONSUMPIDILITINDVBLEMAMILTD

Investment thesis

Rural recovery, urban discretionary spending, premiumisation, organised retail, and quick commerce support staples and branded consumption.

1-2 year outlook: Constructive but valuation-sensitive. Best for defensive compounding rather than high-beta returns.
Recommended allocation: 10-15% as defensive allocation.

Key triggers

  • Rural demand recovery
  • Premiumisation
  • E-commerce and quick commerce
  • Product innovation

Major risks

  • High valuations
  • Raw material inflation
  • Slow rural recovery
  • Advertising and tax regulation
Small, micro, and SME names should be opt-in exposure. Suggested filters: U-Score above 65, positive MoS, Piotroski 7+, debt/equity below 0.8, promoter pledge below 10%, and enough traded value to exit without slippage.

Thesis

A data-generated FMCG basket from tagged stocks. It is defensive but valuation-sensitive.

  • ▸Rural recovery
  • ▸Premiumisation
  • ▸Raw material risk

Top picks · ranked by U-Score within this cohort

#1JINDRILLSmall
Jindal Drilling And Industries Limited
Consumer
DEEP VALUE

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +74.8%Piotroski: 8/9ROCE: 14%P/E: 8.7D/E: 0.05
80
U-Score
₹554.00
Open →
#2KMSUGARSmall
K.M.Sugar Mills Limited
Consumer
DEEP VALUE

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +81.8%Piotroski: 8/9ROCE: 13%P/E: 5.2D/E: 0.64
77
U-Score
₹31.65
Open →
#3UGARSUGARSmall
The Ugar Sugar Works Limited
Consumer
DEEP VALUE

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +73.3%Piotroski: 7/9ROCE: 27%P/E: 9.7D/E: 1.31
76
U-Score
₹54.23
Open →

Full cohort

MODINATURSmall
Modi Naturals Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +72.2%Piotroski: 8/9ROCE: 22%P/E: 8.9D/E: 0.94
74
U-Score
₹363.40
Open →
MAFATINDSmall
Mafatlal Industries Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +59.0%Piotroski: 7/9ROCE: 13%P/E: 13.2D/E: 0.08
74
U-Score
₹111.47
Open →
FIEMINDMicro
Fiem Industries Limited
Auto
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +52.7%Piotroski: 8/9ROCE: 29%P/E: 19.2D/E: 0.05
71
U-Score
₹1823.60
Open →
MONTECARLOSmall
Monte Carlo Fashions Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +74.2%Piotroski: 8/9ROCE: 14%P/E: 10.2D/E: 0.64
70
U-Score
₹521.45
Open →
CANTABILSmall
Cantabil Retail India Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +35.5%Piotroski: 7/9ROCE: 19%P/E: 19.3D/E: 1.14
70
U-Score
₹249.90
Open →
ITCLarge
ITC Limited
FMCG
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +47.3%Piotroski: 8/9ROCE: 39%P/E: 16.6D/E: 0.03
69
U-Score
₹260.80
Open →
PRAKASHSmall
Prakash Industries Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +83.9%Piotroski: 8/9P/E: 5.6D/E: 0.30
68
U-Score
₹123.68
Open →
KIRIINDUSSmall
Kiri Industries Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +98.5%Piotroski: 5/9ROCE: 3%P/E: 4.4D/E: 0.01
67
U-Score
₹487.65
Open →
SHEKHAWATISmall
Shekhawati Industries Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +80.2%Piotroski: 4/9ROCE: 47%P/E: 8.8D/E: 0.05
67
U-Score
₹23.57
Open →
AHLWESTSmall
Asian Hotels (West) Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +74.1%Piotroski: 7/9ROCE: 20%P/E: 7.0D/E: 0.00
67
U-Score
₹526.10
Open →
TEMBOSmall
Tembo Global Industries Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +70.2%Piotroski: 6/9ROCE: 23%P/E: 10.0D/E: 0.85
66
U-Score
₹56.84
Open →
KRITINUTSmall
Kriti Nutrients Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +66.9%Piotroski: 7/9ROCE: 20%P/E: 10.4D/E: 0.04
66
U-Score
₹68.78
Open →
JUBLCPLSmall
Jubilant Agri and Consumer Products Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +37.9%Piotroski: 8/9ROCE: 40%P/E: 23.2D/E: 0.11
65
U-Score
₹1775.20
Open →
ORIENTPPRSmall
Orient Paper & Industries Limited
Industrials
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +42.6%Piotroski: 8/9ROCE: 22%P/E: 2.2D/E: 0.67
64
U-Score
₹15.66
Open →
KIRLOSINDSmall
Kirloskar Industries Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +36.1%Piotroski: 8/9ROCE: 7%P/E: 11.9D/E: 0.18
63
U-Score
₹3328.80
Open →
DBOLSmall
Dhampur Bio Organics Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +68.7%Piotroski: 5/9ROCE: 5%P/E: 32.3D/E: 1.03
62
U-Score
₹131.63
Open →
TEAMLEASESmall
Teamlease Services Limited
Consumer
UNDERVALUED

Auto-included from the FMCG tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +68.6%Piotroski: 7/9ROCE: 15%P/E: 11.4D/E: 0.11
62
U-Score
₹1108.40
Open →
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The rationale above is editorial — the ranking uses our U-Score engine so the names you see first are the strongest fundamentals fit, not the most popular or most-mentioned. Re-rank yourself if you weigh valuation or quality differently. All information is for study purposes only — consult your financial advisor before investing.