Brokerage firm JM Financial has named Britannia Industries, Marico, Dabur India, Honasa Consumer, and Bikaji Foods as its preferred picks within the Fast-Moving Consumer Goods (FMCG) space. In its latest post–Q2 FY26 sector update, the brokerage noted that while the operating backdrop remains a mixed bag, the outlook for the second half of the fiscal year looks encouraging, supported by festive consumption and improving trade dynamics. Advertisement

JM Financial said the staples coverage universe (excluding ITC and VBL) posted a 7 per cent year-on-year rise in sales, broadly in line with expectations. EBITDA growth came in at 2.5 per cent, slightly better than estimated, despite GST transition-led operational challenges that the brokerage believes shaved off around 2–4 per cent from sale

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