FMCG brands revive ad spending as consumer sentiment and festive demand improve

HUL, Dabur and Colgate-Palmolive are increasing marketing outlays after two quarters of cutbacks, with campaigns focused on festive demand and ROI-led digital and outdoor media. Colgate’s advertising expenditure rose 34% year-on-year to 15.7% of sales.

— Source publishedSun, 2 Aug, 2026, 20:49 IST·First seen Sun, 2 Aug, 2026, 20:57 IST·Source The Hindu BusinessLine

What happened

Hindustan Unilever · Indian FMCG brands including HUL, Dabur and Colgate are raising advertising budgets after two quarters of cuts, targeting festive demand

Key facts

  • Two quarters of prior marketing-spend cutbacks
  • Q1 FY27
  • Colgate-Palmolive ad expenditure increased 34% year-over-year
  • Colgate advertising spend reached 15.7% of sales

Why this matters

Renewed ROI-led spending by HUL, Dabur and Colgate creates partnership opportunities for digital, outdoor and retail-media platforms with measurable festive conversion capabilities.

What to watch

  • Quarterly advertising-and-promotion expense as a percentage of sales for HUL, Dabur, Colgate-Palmolive and peers.
  • Festive-season volume growth versus value growth, indicating whether marketing is generating unit demand or merely supporting pricing.
  • Rural FMCG volumes, monsoon outcomes, food inflation and disposable-income indicators.
  • Quick-commerce and e-commerce contribution to FMCG sales, including sponsored-search and retail-media spending trends.
  • Gross-margin and EBITDA-margin commentary: sustained ad investment with stable margins would validate demand strength.
  • Competitive responses from P&G, Reckitt, Marico, Emami and regional brands, particularly promotional intensity and new launches.
  • Nielsen/Kantar market-share trends in oral care, hair care, health supplements and household care.
  • Increase festive campaign bursts around high-frequency categories such as oral care, wellness, personal care, packaged foods and home care.
  • Redirect incremental advertising toward retail media, quick-commerce search/display, regional-language digital video and measurable out-of-home placements.
  • Pair media spending with retailer-specific promotions, premium packs, gift bundles and limited-period launches to convert awareness into sell-through.
  • Use higher visibility to defend share against D2C and regional competitors, especially in urban and affluent consumption clusters.
  • Tighten marketing-mix measurement and reallocate spend quickly if conversion rates lag media reach.