The comfort of falling input costs is fading for India’s FMCG companies as a fresh wave of commodity inflation has begun to offset the relief from cheaper crude-linked raw materials, a report by Equirus Securities said on September 3.
The raw-material cost environment for FMCG makers has become increasingly uneven in the second quarter of FY27, with prices of several agricultural and food commodities moving higher even as crude and some imported packaging inputs offered sequential relief, according to the report.
