ITC: ITC may outperform HUL post a strong 2022 for FMCG giants

However, inorganic growth through strategic acquisitions, digital penetration, and their salience as a defensive bet in a volatile market may continue to support investor interest in the two stocks.

Synopsis

Investors of cigarette-to-FMCG company ITC finally saw their patience pay off as its stock rose 52% during the year on the back of a smart recovery in the company’s performance as it emerged from the worst of the pandemic. During this period, the ET FMCG Index gained 14%.

ET Intelligence Group: This year was phenomenal for the two FMCG majors — ITC and HUL, and more so for the former — even as both stocks hit record highs during 2022.

Investors of cigarette-to-FMCG company ITC finally saw their patience pay off as its stock rose 52% during the year on the back of a smart recovery in the company’s performance as it emerged from the worst of the pandemic. During this period, the ET FMCG Index gained 14%.

BY

ET Bureau

3 mins read, Last Updated:

Dec 29, 2022, 05:49 AM IST

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