India’s Nifty FMCG index gains 2.2% for the week, outperforming all major sectors amid stock upgrades and leadership changes.

• Index up 0.7% Friday; only major sector in green this week, driven by Godrej Consumer’s strong Q1 update.
• HUL surges 5% after appointing new CEO; Jefferies’ contrarian call on FMCG stocks lifts investor sentiment.
• Despite weekly gains, the FMCG index is still down 1.5% YTD vs Nifty 50’s 6.5% rise.