Fmcgs

FMCG players witness strong Q3 recovery on demand surge, margin expansion

Driven by GST reforms, robust festive demand, and softening raw material prices, the FMCG industry expects volume-based growth, supported by a mid-single digit revenue rise and improved operating margins in the December quarter. After settling down of GST-led disruptions, where distributors and retailers focused on liquidating the existing higher-priced inventory in the channel, the FMCG companies have witnessed signs of recovery, major listed firms informed exchanges in their recent updates on the December quarter. Moreover, post-trade stabilisation, consumer sentiment improved in urban and rural areas. However, in continuation with the previous trend, rural demand continued to outperform urban demand this quarter as well, FMCG companies like Dabur, Marico, and Godrej Consumer Products Ltd (GCPL) said. The FMCG industry, which was facing slow consumption, now expects a sustained recovery in demand and improvement in revenue trajectory in the coming quarters. Besides, in terms of .

Indian FMCG set for stronger quarters with 5% volume growth: Report

The FMCG sector is witnessing a strong pick-up, helped by robust macroeconomic indicators, and a 5 per cent volume growth is expected in the 'first few months' of this year, a Worldpanel report said. According to the December FMCG Pulse report from Worldpanel by Numerator, India's GDP expectations have been revised upwards, inflation is low, and food inflation is negative, and many manufacturers are passing on these benefits to shoppers. Moreover, the banking sector regulator, the RBI's consumer confidence index, also indicates that consumer confidence is returning. "With the macro-economic indicators being strong and FMCG also seeing an uptick correspondingly, we expect the coming quarters to strongly build on the momentum. A 5 per cent FMCG volume growth from a household perspective is possible within the first few months of the next year (2026)," the report from Worldpanel by Numerator, said. Worldpanel by Numerator provides currency-grade consumer data representing nearly 6 ..

FMCG Q3 growth dull; recovery amid tailwinds key for valuations: Analysts

In the latest note on the consumer goods sector, Emkay analysts Nitin Gupta and Mohit Dodeja estimated revenue growth of around 6% Y-o-Y & Ebitda growth of about 7% for listed FMCG players in Q3.

FMCG companies' Q3 could be a tale of two halves amid GST transition

GST transition weighs on Q3 FMCG volumes, but brokerages expect sequential recovery as restocking improves and lower taxes, easing inflation support demand

Marico expects high single-digit volume growth in Q3 India business

FMCG major Marico said its domestic business is expected to post high single-digit volume growth in the October-December quarter, with consolidated revenue growth in the high twenties

What Sets Emerging Bottled Water Brands Apart

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FMCG distributors' body urges Sebi to halt loss-making quick commerce IPOs

FMCG distributors' body AICPDF has asked Sebi to pause or tighten IPO approvals for loss-making quick commerce firms such as Zepto, citing cash-burn pricing and ongoing CCI proceedings.

Marico's digital brands cross ₹1,000 cr annual recurring revenue mark

Marico's digital brands have crossed the Rs 1,000 crore annual recurring revenue mark, and the FMCG major expects food & premium personal care to contribute 25 per cent of its India revenue, its Managing Director and Chief Executive Officer Saugata Gupta said. Marico's digital brands -- including Studio X, Pure Sense, Beardo, and True Elements -- have a diversified portfolio, ranging from premium personal care products to food, and are on a high growth momentum and likely to continue their faster pace, he added. "Our digital brands have crossed Rs 1,000 crore in ARR (annual recurring revenue), and we expect the diversified portfolio...including premium personal care, to contribute at least 25 per cent to our overall India business, over the next three years," Gupta told PTI. Beardo, its men's grooming brand, has almost turned profitable, delivering a double-digit EBITDA, and its D2C wellness brand Plix has achieved break-even, he said. "Our objective is to immediately take it to a

FMCG sales see slow growth to 5.4% in Q2 amid GST rejig: NielsenIQ

Sales growth in Indian FMCG sector slowed to 5.4 per cent in volume during September quarter mired by disruptions due to GST rate changes, though value growth jumped to 12.9 per cent, according to the latest report from data analytics firm NielsenIQ. The rural market also slowed down from 8.4 per cent to 7.7 per cent year-on-year, but continued to outpace the pace of sales in urban areas for the seventh consecutive quarter, the report said. "The market recorded a 5.4 per cent rise in volume alongside a 7.1 per cent increase in prices, with unit growth outpacing overall volume growth signalling a stronger consumer preference for smaller packs," it said. Urban market, which forms bulk of fast-moving consumer goods (FMCG) demand, is recovering moderately, particularly in smaller towns. Sequentially, it experienced slowdown. Rural market, which is of small packets, is driven by affordability, accounts for around 38 per cent of the FMCG demand. "Rural India has recorded a 7.7 per cent

GST transition sparks short-term FMCG demand dip in Sep quarter: Report

FMCG volumes eased to 5.4% in Q2 as GST transition caused a brief slowdown, though rural markets continued to outpace urban areas and overall sector growth stayed strong at 12.9%

Need to drive double-digit top line, and margins in excess of that: TCPL

We've got good volume growth. We continue to expand distribution and innovation and we continue to power up. We are on track for a full year of 5 per cent innovation to sales this year as well

Tata Consumer Products Q2 results: Net profit up 11% at ₹407 crore

Tata Consumer Products Ltd (TCPL) on Monday reported a 10.7 per cent increase in consolidated net profit to Rs 406.51 crore in the second quarter ended September 2025, led by India business. The company had posted a consolidated net profit of Rs 367.21 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL, the Tata group's FMCG arm. Its revenue from operations rose by 17.83 per cent to Rs 4,965.9 crore in the September quarter of FY'26. It was at Rs 4,214.45 crore in the year-ago period. In the September quarter, TCPL's overall branded business was up 17 per cent to Rs 4,270.9 crore. It was at Rs 3,771.2 crore in the corresponding quarter of the last fiscal year. TCPL's branded businesses include tea, coffee, water, and other value-added products. The company's revenue from its India business was up 17.6 per cent year-on-year to Rs 3,122.15 crore in the second quarter of FY'26. "The India core business recorded its 2nd consecutive quarter of .

HCCBL expects growth despite H1 disruptions; 4 Jubilant nominees join board

Hindustan Coca-Cola Beverages, the bottling arm of beverage major Coca-Cola in India, expects a decent growth in FY26 despite facing disruptions in the first half, from adverse weather conditions to external macroeconomic pressures, according to a top company official. HCCBL hopes for a "promising potential outlook", encouraged by favourable macro conditions, such as rapid urbanisation and rising disposable income, and it would continue to invest in expansion of capacity, portfolio and distribution, among others, said its Chief Financial Officer Harsh Bhutani. Besides, the board of Hindustan Coca-Cola Beverages Ltd (HCCBL) has been reconstituted after the parent entity, The Coca-Cola Company, divested a 40 per cent stake to Jubilant Bhartia Group. According to an industry insider, four people from the Jubilant Bhartia Group, engaged in pharmaceuticals, food services, agribusiness, energy, and other services, have joined the board of HCCBL. When asked about the development, Bhutani

Dabur India launches ₹500 cr venture arm to back digital-first brands

CEO Mohit Malhotra says Dabur Ventures will target premium, Gen Z-focused brands within existing categories; company reports ₹100-crore GST impact in Q2

FMCG firms see Q2 disruptions but stay upbeat on strong economic outlook

FMCG companies selling soap to soft drinks in the Indian market reported some impact on their sales in the September quarter from disruption owing to GST reforms, along with unusually heavy rains in parts of the country, but they see growth in the coming quarters, helped by favourable macro-economic conditions. Leading global markers, including Unilever, Reckitt, Heineken, PepsiCo, and Coca-Cola, in their respective earnings calls, have mentioned challenges they faced due to disruptions in trade channels in September. "Our emerging market performance is improving; India, in particular, is very well positioned over the medium term. The GST reform has had some impact in the short-term, but we believe it is very good news for 40 per cent of our portfolio with close to a 10 per cent price reduction," Unilever CEO Fernando Fernandez said. British FMCG major Reckitt said its net revenue growth in India was impacted in the September quarter due to the implementation of new GST slabs; ...

FMCG set to turn the corner as GST 2.0 may boost spend, says report

According to the market researcher, rising commodity prices have led to a growing valley between volume and value growth

Nestle India Q2 profit falls 17%, revenue up 10.6% on strong volumes

Nestle India's net profit drops 17.4% to Rs 743.2 crore in Q2FY26 due to last year's exceptional item, while sales grow 10.6% to Rs 5,643.6 crore on strong domestic demand

FMCG companies indicate mid single-digit revenue growth in second quarter

FMCG majors expect moderate Q2 growth as GST rate cuts and inventory liquidation affect sales; Marico bucks trend with strong pricing-led performance

AI-first FMCG startup Meolaa raises $6 mn in pre-Series A funding

The Bengaluru-based startup plans to deploy funds into AI infrastructure, brand expansion and supply chain agility to compress FMCG product cycles from years to months

Leading FMCG companies witness disruption in trade in September

Leading FMCG companies have reported disruption in trade in September on account of implementation of new GST slabs, which in turn impacted revenue and profitability in the second quarter. Major players including HUL, Dabur and Marico, continued their momentum in July and August with a stable demand trends. However, in September, they had to absorb the transitory impact of disruption in trade channels on account of GST reforms and one of them expects the impact to drag in October. According to them, the consumers had deferred their purchase after the government announced the Next-Generation (GST 2.0) reforms on September 4, lowering duties on most daily essentials, including food and personal care products. The FMCG companies expect growth in the second half of the fiscal year, helped by stabilisation of prices and stimulation in demand from the lowering of duties. Moreover, they also expect sentiment to gradually improve during the festive season and months ahead, aided by easing