Asian Paints To Hindustan Unilever: Ayaz Motiwala On What's Ailing FMCG Sector

Even though India's companies that make fast-moving consumer goods have come back and given investors modest returns, their volume growth stories have remained quiet, according to Ayaz Motiwala, senior fund manager at Nivalis Partners.Some of these companies have dropped 10–30%, although they have come back in the past two quarters, Motiwala said. "If you look at Hindustan Unilever Ltd., Asian Paints Ltd., and others, they had indeed...