“Dharmesh Kant holds a neutral view on the FMCG sector, noting that Q4 benefited from macro tailwinds like rate cuts and GST triggers. However, he warns that rising input costs from global commodities and packaging could pressure Q1 and Q2 earnings, particularly if monsoon conditions remain weak. He expects only trading rallies and advises profit-taking on such positions, without a structural buy or sell view.”

Dharmesh Kant’s track record: 7 graded calls · 95% CI 16–75%