Higher palm oil prices, input costs to impact FMCG firms' Q2 margins

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Higher palm oil prices, input costs to impact FMCG firms' Q2 margins - Business Standard

Quick Summary:

Marico said among key inputs, copra prices rose ahead of internal forecasts and the recent import duty hike led to vegetable oil prices moving higher towards the end of the quarter.

Leading FMCG players expect rising palm oil prices, higher input costs and increased advertising and promotion expenses to impact their margins and profits in the September quarter.

In the latest quarterly business updates, FMCG players such as Godrej Consumer Products Ltd (GCPL), Dabur and Marico have hinted at a flattish growth in their margins on a year-on-year basis as prices of copra and vegetable oil appreciated in the July-September period.