FMCG Sector

Godrej Consumer Products Ltd (GCPL) projects its standalone India business margins to remain below the normative range in the June quarter, driven primarily by commodity cost pressures and price-volume adjustments. Despite this, the company anticipates healthy high-single-digit value growth supported by strong volume expansion. The home care segment is poised to deliver double-digit value and volume growth, while personal care faces headwinds due to softness in soaps.

Dabur’s consolidated revenue is projected to grow modestly in low-single digits in the June quarter, impacted by subdued beverage sales due to unseasonal rainfall and a shortened summer season. Despite this, the company’s home and personal care (HPC) division, driven by oral, home, and skincare products, is expected to deliver robust growth, with flagship brands gaining market share. Dabur’s international business is also poised for double-digit constant currency growth.

India’s fast-moving consumer goods (FMCG) industry navigated a turbulent first quarter of FY26, contending with unseasonal rainfall, a shortened summer, and input cost inflation that collectively hindered topline and margin growth. While demand saw a modest revival—especially in urban centers—major players like Marico, Dabur, and Godrej Consumer Products reported pressure on profitability and only low-single-digit revenue or volume increases. Despite these challenges, certain product categories and international operations provided resilience.

India’s sugar industry has transformed into a Rs. 1.3 lakh crore economic powerhouse, playing a pivotal role in the nation’s journey toward rural empowerment, energy independence, and green fuel adoption. Speaking at the 2025 Cooperative Sugar Industry Conclave, Union Food Minister Pralhad Joshi lauded the sector’s remarkable evolution under pro-reform leadership. Driven by ethanol blending initiatives, policy reforms, and cooperative participation, the industry has emerged as a cornerstone of India's self-reliant energy ambitions.

Marico Ltd., a leading player in India’s fast-moving consumer goods (FMCG) sector, anticipates modest operating profit growth for the first quarter of FY26, citing inflation in key raw materials like copra and a high comparative base. While easing vegetable oil prices and rangebound crude derivatives provided some relief, the company’s gross margins remain under incremental pressure. Despite this, Marico continues to invest in brand equity and expand its portfolio.

India’s white-collar job market demonstrated a robust 20 percent year-on-year growth in June, largely propelled by burgeoning opportunities in Tier II cities, according to the latest report by Foundit Insights Tracker. Coimbatore, Nagpur, and Nasik led the surge with double-digit growth rates fueled by sectors like IT, BFSI, manufacturing, and FMCG. While major metros experienced comparatively modest hiring increases, Tier II cities emerged as vital engines of employment expansion, underscoring a geographical shift in talent demand.

Reliance Industries Ltd (RIL), one of India’s largest conglomerates, is undertaking a major internal restructuring to unify its growing portfolio of fast-moving consumer goods (FMCG) under a newly formed company. This move seeks to streamline its consumer-facing brands, currently spread across Reliance Retail Ventures Ltd (RRVL), Reliance Retail Ltd (RRL), and Reliance Consumer Products Ltd (RCPL), in order to enhance operational efficiency and attract focused investor interest.

Kolkata-based Luxmi Group, the heritage tea enterprise behind the Makaibari Darjeeling brand, has acquired a controlling interest in the UK’s Brew Tea Co., a boutique tea company known for its whole-leaf offerings and direct-to-consumer subscription model. The acquisition marks Luxmi’s strategic expansion into international markets and signals a renewed focus on ethical sourcing, vertical integration, and premium tea experiences.

Amul has once again solidified its status as India’s leading food brand with a valuation of USD 4.1 billion, according to the Brand Finance India 100 – 2025 report. Trailing behind is Mother Dairy, which has surged to the second spot with a brand value of USD 1.15 billion, climbing from third place last year. Britannia, Nandini, and Dabur complete the top five rankings, reflecting the strength of India’s dairy and food sector. This recognition underscores the resilience, trust, and expansive reach of these brands amid evolving consumer preferences and competitive pressures.

Bajaj Consumer Care Ltd, a key player in India's fast-moving consumer goods (FMCG) sector, has announced a strategic leadership transition with the appointment of Naveen Pandey as its new Managing Director. Pandey will succeed Jaideep Nandi, whose five-year term concludes on June 30, 2025. The company also confirmed Aakash Gupta as the incoming Head of Finance, following the resignation of Richard D’Souza.