FMCG firms begin raising prices as West Asia war fuels input costs
MUMBAI, May 15 -- Consumer goods makers are raising prices and bracing for weaker demand as commodity inflation spreads across fuel, packaging and food inputs.
Large listed fast-moving consumer goods (FMCG) companies, including Hindustan Unilever, Britannia Industries, and Dabur India, have started hiking prices across parts of their portfolios and warned in recent earnings calls that inflationary pressures are likely to persist.
The conflict in West Asia has pushed up crude-linked input and freight costs while also driving a rise in global edible oil prices, increasing pressure on FMCG companies that rely on imported commodities.
The cost pressures are now spreading beyond fuel and packaging into food commodities.
On Wednesday,...
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