Kotak Securities slashes target prices for eight FMCG stocks, including Tata Consumer and HUL, citing a weak earnings outlook for the sector and embedding Nestle as a new target.

Here is a summary of the article in 400 words: According to a domestic brokerage firm, Kotak Institutional Equities, the demand for consumer goods is expected to remain subdued in the next few quarters. The firm believes that urban consumption will continue to slow...