“While there might be a short-term trading rally in FMCG stocks due to base effects and lower raw material costs, Mehta views the sector as a 'sell on every rise' from a long-term perspective. He believes most categories have matured and no longer offer compelling long-term growth, with better opportunities emerging elsewhere in India's evolving consumption basket.”

Dipan Mehta’s track record: 12 graded calls · 95% CI 25–75%