India FMCG growth stays resilient on premiumisation and pricing, says Anand Rathi

Anand Rathi projects 10% revenue CAGR and 14% earnings CAGR across FY26-28 for Indian FMCG, with Q1 FY27 growth led by pricing, premiumisation, quick commerce and modern trade gains. Rural demand moderation persists, but GST cuts and softer crude prices are expected to support margins, alongside 15-16% paint price hikes.

— Filed Tue, 30 Jun, 2026, 14:53 IST · Source The Hindu BusinessLine · Updated

Anand Rathi report sees resilient FMCG revenue growth in Q1 FY27 driven by premiumisation, price hikes, quick commerce and modern trade gains, despite rural demand moderation. Growth remains pricing-led; GST cuts and lower crude prices to aid margins.

Also reported by