India FMCG Firms Hold FY27 Growth View at 8-10% as Iran War Lifts Input Costs
Updated
Updated · The Economic Times · Jun 8
India FMCG Firms Hold FY27 Growth View at 8-10% as Iran War Lifts Input Costs
2 articles · Updated · The Economic Times · Jun 8
Summary
Indian FMCG companies said consumer demand has largely held up despite inflation pressures that began building from April after the Iran war disrupted energy-linked supply chains.
Higher oil, packaging, freight and raw-material costs are driving the caution, even as companies say premiumisation, last year's GST cuts and calibrated pricing are supporting sales.
Mother Dairy said most dairy categories are still growing more than 25%, while Nykaa called beauty and fashion purchases "small luxuries" that have so far proved relatively resilient.
Crisil expects organised FMCG revenue growth of 8-10% in FY27 versus 8% last year, but warned prolonged high oil prices, weak consumption and monsoon uncertainty could squeeze profitability.