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Wings related to consumption before the budget, hoped to get relief in tax, booster the budget consumption related stocks got wings

Before the union budget was presented, there was a strong rise in consumption or consumed shares on 31 January. Consumer Staple Index Nifty FMCG rose by two per cent due to investors’ purchases in these shares, while the index Nifty Consumer Durables of sustainable goods gained around 2.3 per cent. In the last one year, due to sluggish demand, most of the consumption stocks have declined. The earning growth rate has fallen into a single digit. After the epidemic, the government has given priority to public spending and fiscal discipline and avoiding direct promotion of consumption through tax exemption and other measures.

Many brokerage and market experts say that the government can make some changes in income tax for salaried class in tomorrow’s budget. Which will increase cash to spend people. This will lead to an increase in consumption in all sectors. Taxpayers may get tax relief through basic exemption limit or standard deduction. If any of these measures are applied, then it will see positive effect on consumer goods consumption.

The Nifty FMCG index was the Tata Consumer Products and Nestle India among the faster shares. Both companies have scored better results in the quarter ended December 31, 2024.

Tata Consumer’s working income gained 17 per cent in the quarter ended 31 December and has reached Rs 4,444 crore. Nestle India has gained 6.2 per cent in quarterly standalone net profit. The company’s profit in this period has stood at Rs 696 crore.

ITC, Hindustan Unilever, Balrampur Sugar Mills and Colgate-Palive were also among the top gainers of the Nifty FMCG index. Each of them gained 1-3 percent.

Market Outlook: Market closed with edge, know how can it be on the budget day

Kalyan Jewelers led the lead in the Consumer Durables Index. The gold jewelery company has gained 21 percent in the net profit in the third quarter. Today this stock jumped 10 percent. Titan, Century ply, Bata India also gained between 2 and 4 per cent. Kalyan Jewelers recorded a strong performance in the third quarter of FY 2025. During this period, the company’s profits increased by Rs 21 per cent to Rs 218.82 crore from Rs 180.61 crore in the same quarter last year. The company’s working income has increased by 39.5 per cent to Rs 7,286.88 crore. Whereas in the third quarter of FY 2024, the company’s income was Rs 5,223.08 crore.

Kalyan Jewelers led the lead in the Consumer Durables Index. The gold jewelery company has gained 21 percent in the net profit in the third quarter. Today this stock jumped 10 percent

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