Leading FMCG companies in India, including HUL, Godrej, Marico, ITC, and Tata Consumer Products, have reported a decline in margins for the September quarter due to higher input costs and food inflation impacting urban consumption. Rising prices of palm oil, coffee, and cocoa have particularly squeezed margins, prompting some firms to consider price hikes amid continued rural growth.
Related Posts
Sensex slips below 79,000, a 3-month low, on foreign selling
The Sensex plummeted by 821 points, closing below the 79,000 mark due to widespread selling triggered by disappointing corporate earnings and foreign fund outflows. Banking […]
Retail inflation eases to 5.5% in Nov as food prices soften
India’s retail inflation eased to 5.5% in November from a 14-month high, driven by moderating food prices. Industrial output saw a modest 3.5% rise in […]