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After 4 years of dull performance in both revenues and profits, FMCG sector has now, i.e. since 2005, gained the momentum, principally because of the smaller companies that have substantially improved their market shares at the cost of larger players and, in some cases, the regional players.
If we carefully observe the FMCG index and BSE index, we would realize that the returns on money invested in FMCG index are much lower than the returns in benchmark index. The FMCG sector has under performed the benchmark BSE Sensex in 2006. Though both the indices were close to each other till August 2006, in the later half of the year the Sensex surpassed the FMCG index by a reasonable margin.
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