FMCG volume growth may halve to 3-4% as crude, weak monsoon force fresh price hikes
Worldpanel by Numerator flags downside risk to India FMCG volumes from $100 crude and below-normal monsoon. HUL, Dabur, Godrej Consumer and Marico likely to push 2-7% price hikes, accelerating shift to smaller packs even as Q4 value growth held at 13.1%.
Worldpanel by Numerator warns India FMCG volume growth could slow to 3-4% if crude stays above $100 and below-normal monsoon stokes food inflation, prompting more price hikes from HUL, Dabur, Godrej Consumer and Marico, and smaller-pack buying.