India’s consumption sector is entering the festive season amid elevated crude oil prices, raising concerns over profit margins even as companies anticipate a pickup in consumer spending.
With Brent crude hovering above $100 per barrel amid escalating tensions between the US and Iran and disruptions around the Strait of Hormuz, companies across fast-moving consumer goods (FMCG), paints, apparel and other consumer-facing sectors are grappling with higher input and logistics costs.
