In a recent interview with Nykaa CEO Achint Nayar he said that consumers are not cutting back on small luxuries despite inflation. Consumers, experts say, are not yet cutting back on discretionary items like skincare and cosmetics. Moreover, India’s consumption story is coming across to be strong even as inflation may be hurting household budgets. Apart from the festive season, it’s also the marriage season so stocks like Manyavar, Raymond, these stocks would be back in focus because of the shopping spree,” Kranthi Bathini, director of equity strategy at WealthMills Securities told Business Insider India. ![]() “FMCG stocks tend to do well during festive season with stocks like DMart, Shoppers Stop being in the limelight.
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