{"id":16752,"date":"2026-02-18T07:19:13","date_gmt":"2026-02-18T01:49:13","guid":{"rendered":"https:\/\/www.gwcindia.in\/blog\/?p=16752"},"modified":"2026-02-18T11:40:37","modified_gmt":"2026-02-18T06:10:37","slug":"are-fmcg-and-pharma-stocks-true-value-plays-in-every-economic-cycle","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/are-fmcg-and-pharma-stocks-true-value-plays-in-every-economic-cycle\/","title":{"rendered":"Are FMCG and Pharma Stocks True Value Plays in Every Economic Cycle?"},"content":{"rendered":"

Are FMCG and Pharma Stocks True Value Plays in Every Economic Cycle?<\/h1>\n

When markets turn volatile, investors often gravitate toward familiar names\u2014companies that manufacture everyday essentials or life-saving medicines. In India, this typically means looking at the fast-moving consumer goods (FMCG) and pharmaceutical sectors.<\/p>\n

But a fair question arises: Are FMCG stocks and pharma stocks in economic cycles genuinely dependable value plays, or is that assumption too broad?<\/strong><\/p>\n

This article explores the role of these sectors across different phases of the economy, their positioning in value investing frameworks, and how retail investors can think about defensive stocks in different economic cycles\u2014without making sweeping generalisations.<\/p>\n

Understanding Economic Cycles and Sector Behaviour<\/h2>\n

Economic cycles generally move through four phases: expansion, peak, contraction, and recovery. Different sectors perform differently during each phase.<\/p>\n