With the possibility of headwinds ahead, UBS decided to downgrade 6 of the FMCG stocks, however, still remains bullish on the ITC, Marico

In a statement by UBS during the year of 2019, the consumer staples stocks performed poorly in the market with the discretionary and the urban proxies faring far better than them. Even then, they said that most of the companies in their coverage still continue their trade at the premium that was compared to their past 5 or 10 years average 1 year forward of the P/E.

The global brokerage expects a huge risk to the consensus earnings e....