FMCG stocks lose sheen, valuation down to 11-year low



The country’s top FMCG stocks, such as Hindustan Unilever, ITC, Nestlé, Britannia, Godrej Consumer Products, and Dabur, among others, are currently trading at around 41x their trailing 12-month earnings, down from their peak P/E multiple of around 48x at the end of December 2018.



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