Stock market volatility plays a crucial role in investment decision-making, risk management, and portfolio diversification. Global financial meltdowns have massive shock on different sectors as well as on scripts returns. The study aims to measure and analyze the stock return volatility of select Fast-Moving Consumer Goods (FMCG) companies listed on the National Stock Exchange (NSE) of India based on time series dataset taking into consideration of daily closing adjusted stock price from 2001-02 to 2015-16. The objective of this paper is to study volatility design of daily stock returns. The application of GARCH, and T-GARCH models provides the evidence of the persistence of time varying asymmetric volatility. Main findings suggest that time varying volatility behavior of Indian stock market may be due to recent global financial meltdown which is originated from US sub-prime crisis. The study provides valuable insights for investors, policymakers, and financial analysts by offering a deeper understanding of risk-return dynamics within the FMCG sector.