Crisil sees FMCG volume growth halving to 2-3% in FY27 as crude shock forces price hikes

Indian FMCG majors HUL, Dabur, Marico, Britannia and Nestle face a sharper margin squeeze in FY27, with Crisil projecting volume growth slowing to 2-3% from 5-6%, even as 6-7% price hikes lift revenue 8-10%. Gross margins seen falling 300-350 bps and Ebitda margins 150-200 bps as West Asia-led crude inflation bites.

Indian FMCG majors HUL, Dabur, Marico, Britannia and Nestle face a sharper margin squeeze in FY27, with Crisil projecting volume growth slowing to 2-3% from 5-6

Mint · Industry · 5/26/2026, 12:32:32 AM · Ask about this →

Hindustan Unilever + Britannia Industries + Dabur India + Marico + Nestle India +