Iran war ripples hit India Inc: HUL takes 2-5% price hikes, RIL repivots crude, Bajaj flags MSME stress
Q4 FY26 calls expose geopolitical drag across Indian retail-adjacent giants. Brent at $120 and rupee at 95 push HUL input inflation to 8-10%, forcing 2-5% hikes while defending 22.5-23.5% margins. RIL reroutes crude sourcing; Bajaj Finance trims AUM growth to 20-24% on MSME stress; SBI carries $10-12bn ME exposure.
Q4 FY26 earnings calls show Iran war impact across Indian conglomerates: RIL pivots crude sourcing, HUL faces 8-10% input inflation taking 2-5% price hikes to protect FMCG franchise, Bajaj Finance flags MSME stress, Airtel/Tata Steel cite cost pressures.
Also reported by
- Forbes India — Same time