You may be concerned about this information, which has been released by the nation’s largest FMCG companies. Fast-moving consumer goods, or FMCG, include things like soap, shampoo, oil, coffee, chocolate, and other domestic goods like rice, spices, and pulses. Your household budget will undoubtedly become more costly if we inform you that the prices of FMCG products will rise shortly.
Large FMCG companies have made up their minds.
Large FMCG companies in the nation, including Dabur, Nestle, Godrej Consumer Products Limited (GCPL), and HUL, have stated that they will raise the pricing of their goods shortly. The explanation provided by them is that the demand in urban areas is low at this time due to which their sales have decreased and the impact on profits and margins is being seen. Due to this, they will have to increase the prices to maintain the profit margin and this may happen soon.
Which businesses provided unambiguous signs
Following the decline in urban demand, HUL, GCPL, Marico, ITC, and Tata Consumer Products Limited (TCPL) have recently warned that some product prices may go up. Nestle has also stated unequivocally that it might have to raise the prices of its goods as a result of the rising costs of goods like cocoa and coffee. HUL has also voiced concerns about this and hasn’t completely ruled out the prospect of a little hike in FMCG product prices.
The largest percentage of FMCG sales is driven by urban demand.
In actuality, 65–68% of FMCG businesses’ overall sales are driven by urban demand. If this decreases as a result of any reason, then its effect can be clearly seen on FMCG products. In the July-September quarter, the combined effect of high food inflation and falling demand was seen on these companies and its effect can be seen in the form of rising prices.
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