FlexiLoans sees FMCG and kirana MSME festive credit inquiries rising 42%
FlexiLoans forecasts the strongest September-December 2026 working-capital demand from FMCG and kirana retailers, followed by ready-made garments and electronics, as merchants fund pre-festive inventory and rapid restocking.
What happened
FlexiLoans forecasts the strongest festive working-capital demand from Indian FMCG and kirana MSMEs, followed by apparel and electronics, as retailers build
Key facts
- FMCG and kirana loan inquiries projected +42% YoY in September-December 2026
- Ready-made garments +38%
- Durables and electronics +31%
- Mobile and accessories +26%; jewellery +24%; auto ancillaries +22%; pharmacy +18%
- India online festive GMV projected at ₹1.50-1.55 lakh crore, +25% YoY
Why this matters
FMCG and kirana operators should secure working-capital lines early for the September-December 2026 festive period as credit inquiries are forecast to rise 42% amid heavier inventory and replenishment needs.
What to watch
- Loan inquiry-to-disbursement conversion rates and average ticket sizes by FMCG, kirana, garments and electronics.
- September-December retail sales growth, especially same-store sales and distributor order frequency.
- Borrowing rates, lender approval criteria and availability of unsecured working-capital lines.
- Inventory days, stock-out rates and replenishment lead times at kirana and FMCG distributor networks.
- January-February repayment behavior, delinquency trends and merchant discounting levels.