New Delhi, April 11 -- India's fast-moving consumer goods (FMCG) sector has lagged broader market indices over the past five years, weighed down by stagnant growth and macro headwinds. According to brokerage house Phillip Capital, the upcoming Q4FY25 results are unlikely to alter investor sentiment materially, as the quarter is expected to be modest at best. However, the brokerage believes that most concerns are already priced in, with Nifty FMCG index currently trading at 37x one-year forward earnings, broadly in line with its five-year average.

Phillip Capital expects volume growth across its FMCG coverage universe to remain in the low-to-mid single digits in Q4FY25, with a median topline growth of 5.8 percent, driven largely by pricin...