Marico, Tanishq join other FMCG firms in recovery but inflation a worry

Industry admits that price hikes are imminent but say they will make judicious decision for customers

Topics
Marico | Tanishq | FMCGs

Viveat Susan Pinto & Samreen Ahmad  |  Mumbai/Bengaluru 

Fast-moving consumer goods (FMCG) companies picked up pace in the December quarter (Q3) of FY21. Marico, Godrej Consumer (GCPL) and Tanishq, which is the jewellery division of Titan, said this week they expected double-digit sales growth in Q3, riding on the back of a strong demand during festivals. The statements were part of their quarterly updates.

Analysts though cautioned increasing commodity inflation could hurt recovery. In four months, crude oil, for instance, has jumped nearly 25 per cent, data compiled by BS Research shows. A spike in the price of crude affects derivatives ...

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First Published: Thu, January 07 2021. 19:46 IST
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