FMCG firms worry over high inflation, squeezing urban market; hint price hike

Quick Summary:

HUL, Godrej Consumer Products, Marico, ITC, and Tata Consumer have expressed concerns over squeezing urban consumption, which according to industry experts, forms 65%-68% of FMCG total sales.

Besides, FMCG players reported growth from premium products and sales through quick-commerce channels.

"My hypothesis is probably food inflation is higher than what we think it is, and the impact is far higher," said D'Souza in the earnings call for the September quarter.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Prices Inflation Growth Quarter Costs Urban Food Reported Decline Consumer Fmcg

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 06:07:30 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 754 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 21 words per sentence (average)

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News ID: 23375808

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