Despite the economic downturn, these consumer staples stocks surged up to 450 per cent! Do you own them?

BSE Fast Moving Consumer Goods (FMCG) sector attracted investors by outperforming markets and gaining over 17 per cent on year-to-date basis.

In October 2021, the Indian domestic indices i.e. Sensex and Nifty 50 reached all-time high levels after surpassing their respective values of 62,200 & 18,600. Thereafter, the indices entered into a prolonged downward trend and never returned to their previous levels.  

The year 2022 witnessed a war between Russia and Ukraine, as well as numerous geopolitical tensions and inflation data that raised concerns about a possible recession.  

On a year-to-date basis, the benchmark indices BSE Sensex and Nifty 50 both declined nearly 3 per cent. While sectors like BSE Metals and BSE Realty witnessed steep declines and BSE Teck plunged over 20 per cent, BSE Fast Moving Consumer Goods (FMCG) sector attracted investors by outperforming markets and gaining over 17 per cent on year-to-date basis. 

The majority of consumer staples are daily necessities like food and beverages. These are defensive stocks that frequently offer consistent returns even when the economy is struggling. 

Here is a list of the best-performing consumer staples stocks, whose incredible returns have caught the eye of investors: