In April, the Nifty FMCG index outperformed the Nifty50, rising 11.73% compared to the latter's 7.4% gain. The index reached a high of 52,067 on the National Stock Exchange (NSE), with significant contributions from major companies like ITC, Nestle India, Hindustan Unilever, and Tata Consumer Products. ITC's shares rose over 4% amid reports of a potential 17% price hike for its cigarette products starting next month. Analysts from Jefferies noted that the FMCG sector, while often lagging during economic booms, has consistently provided value during downturns, highlighting its resilience. Aamar Deo Singh, senior vice president at Angel One, observed a revival in the FMCG sector, particularly for stocks like Nestle, which is trading at record highs. He emphasized that many stocks have corrected by 30% to 50%, leading to renewed investor interest and value buying. Overall, the FMCG sector is showing signs of recovery, with expectations for further growth and limited downside risk.