FMCG stocks to face some margin squeeze: Sandeep Shenoy

In a chat with ET Now, Sandeep Shenoy, Executive Director–Institutional Equities, Anand Rathi Securities shares his view on FMCGs.

ET Now: What is your call on the FMCG space?

Sandeep Shenoy: If you see the numbers and expectations, most of the FMCG stocks except ITC could be in for some kind of a squeeze on the margin front and that could take a toll on their premium valuations.

The sector is one of the defensive sectors. But the intuitive expectations on the valuations could be a bit on the higher side. So they could be giving some kind of disappointment on that front.