Marico, Tanishq join other FMCG firms in recovery but inflation a worry

Industry admits that price hikes are imminent but say they will make judicious decision for customers

Recovery signs are getting better for fast-moving consumer goods (FMCG) companies in the December quarter (Q3) of FY21. This week, Marico, Godrej Consumer (GCPL) and Tanishq, which is the jewellery division of Titan, said they expected double-digit sales growth in Q3, coming on the back of strong demand in the festive season. The statements were part of their quarterly updates.

However, analysts caution that the recovery could be hampered by commodity inflation, which is growing steadily. In the past four months, crude oil, for instance, has jumped nearly 25 per cent, data compiled by BS Research shows. A spike in the