FMCG stocks experienced a significant selloff on December 9 due to concerns about a potential industry-wide demand slowdown following a disappointing quarterly update from Godrej Consumer Products.

Hindustan Unilever, a major player in the sector, saw its shares decline by 4%, marking its largest drop in six weeks. Other notable declines were seen in Dabur, Marico, and Tata Consumer Products, with falls ranging from 2% to 4%. Godrej Consumer Products experienced the sharpest decline, with a drop of over 9% after its quarterly results raised concerns among investors.

The Nifty FMCG index, reflecting the overall impact of these losses, fell by more than 2%, making it the worst-performing sectoral index of the day. This market reaction highlights the growing concerns about consumer demand in the fast-moving consumer goods sector.