Coffee, Noodles gets Expensive.

Nestle and Hindustan Unilever (HUL), two of the biggest fast-moving consumer goods (FMCG) companies have increased prices of a range of products. These products include tea, coffee, milk, and noodles. You have to shell out more money from your pocket for your breakfast. Bru coffee powder prices have been hiked by 3-7% across packs citing significant inflationary pressures by HUL. Nestle India has reportedly increased the price of its popular instant noodles brand Maggi by 9-12%, which turns out to be an increase in Maggi Masala Noodles’ 70-gram pack to ₹14 from ₹12 currently. The FMCG major has also increased the price of 1-liter milk carton by 4% to ₹78 from ₹75 currently. A report filed by analysts at HDFC Securities said: “We have been underweight on the (FMCG) sector since early 2020; the sector has underperformed in the last two years, with mild de-rating in progress. Despite the correction, we do not see room for any valuation upsides; rather, we expect more valuation risks in the next few years.” F.M.C.G. shares listed on the Stock Exchange have also disappointed the investors.