FMCG Firms Eye Double-Digit Q1 FY27 Sales Growth on Price Hikes, Resilient Demand
JM Financial and IIFL Capital expect the sector to post ~13% YoY sales growth (ex-ITC/VBL), driven by price hikes and steady demand. Marico, Nestle, VBL and Honasa seen leading with ~20% volume growth; ITC (cigarette volumes -10%) and Jyothy Labs likely weak. Raw material index up 31% YoY pressures margins.
Brokerages JM Financial and IIFL Capital expect FMCG firms to post double-digit sales growth in Q1 FY27, led by price hikes and resilient demand. Marico, Nestle, VBL, Honasa seen strong; ITC and Jyothy Labs likely weak.