Hormuz shock hits kitchen shelves: Amul, Mother Dairy, Modern Bread lead 3-7% price hikes
Middle East conflict and a weak rupee are pushing FMCG input costs up 8-10%, with palm oil +11%, Brent +32%, HDPE +56% and hazelnut +75% YoY. Amul and Mother Dairy raised milk Rs 2/litre, Modern Bread Rs 5/pack, LPG at Rs 913. Beer makers seek 15-20% hikes; shrinkflation likely through H1 FY27.
What happened
Middle East conflict and weak rupee are driving input-cost inflation across Indian FMCG, dairy, bakery, beer, chocolate and pharma. Amul, Mother Dairy, Modern
Key facts
- Rs 7.5/litre fuel hike
- Rs 2/litre milk hike
- Rs 913 for 14.2kg LPG
- Rs 5/pack bread hike
- raw material costs +8-10%
- price hikes 3-7%
- palm oil +11%
- Brent +32%
- HDPE +56%
- hazelnut +75% YoY
- nuts/dry fruits +15-22%
- beer hike sought 15-20%
Why this matters
Distressed mid-tier FMCG and bakery players squeezed by Brent +32% and hazelnut +75% become attractive bolt-on targets for scaled buyers with hedging and pricing power.