ITC, Varun Beverages, other FMCG stocks slide up to 4% on profit-taking, snap 5-day rally after GST 2.0 boost

FMCG stocks including ITC and Varun Beverages fell up to 4% on Friday as investors booked profits, snapping a five-day rally driven by GST 2.0 reforms. The Nifty FMCG index slid 2%, with analysts saying the sell-off may be short-lived amid consumption growth hopes.