FMCG volume growth may slow to 3-4% in 2026 as energy, monsoon risks bite
Worldpanel by Numerator warns India FMCG volume growth could decelerate to 3-4% in 2026 from 4.5% in FY26, with crude-linked energy costs, softer monsoon and LPG hikes triggering downtrading and fewer shopping trips. Value growth held at 13.1%, urban at 6.4%, avg spend Rs 139/occasion.
Worldpanel by Numerator report warns India FMCG volume growth could slow to 3-4% in 2026 from 4.5% in FY26 due to crude-linked energy costs, weak monsoon, and LPG price hikes prompting downtrading and consolidated shopping trips.