Hormuz shock hits kitchen shelves: Amul, Mother Dairy, Modern Bread lead 3-7% price hikes
Middle East conflict and a weak rupee are pushing FMCG input costs up 8-10%, with palm oil +11%, Brent +32%, HDPE +56% and hazelnut +75% YoY. Amul and Mother Dairy raised milk Rs 2/litre, Modern Bread Rs 5/pack, LPG at Rs 913. Beer makers seek 15-20% hikes; shrinkflation likely through H1 FY27.
Middle East conflict and weak rupee are driving input-cost inflation across Indian FMCG, dairy, bakery, beer, chocolate and pharma. Amul, Mother Dairy, Modern Bread and Mankind Pharma have raised or signalled price hikes; shrinkflation expected through H1 FY27.