FMCG Prices: Such information has come out from the major companies of the country’s FMCG sector which may be a cause of concern for you. FMCG i.e. Fast Moving Consumer Goods products like household soaps, shampoos, oils, coffee, chocolates or other household items like pulses, rice, spices etc. also come under this. If we tell you that the prices of FMCG products are going to increase in the near future, then obviously your household budget is going to become expensive after this.
Big companies of FMCG sector have made up their mind
Big companies of the country’s FMCG sector like HUL, Godrej Consumer Products Limited (GCPL) and Dabur, Nestle etc. have indicated to increase the prices of their products in the coming time. He has given the reason behind this that at present the demand in urban areas is decreasing due to which their sales have decreased and impact on profits and margins is being seen. Because of this, they will have to increase prices to maintain profit margin and this may happen soon.
Which companies gave clear signals
HUL, GCPL, Marico, ITC, Tata Consumer Products Limited (TCPL) have now indicated that the prices of some products may be increased after the decline in urban demand. Under this, Nestle has also clearly said that due to the increase in the prices of products like coffee-cocoa, it may be forced to increase the prices of its products. Expressing concern over this, HUL has also not ruled out the possibility of mildly increasing the prices of FMCG products.
Urban demand plays major role in FMCG sales
In fact, the share of urban demand in the total sales of FMCG companies remains between 65-68 percent. If there is a decline due to any reason, then its impact can clearly be seen on FMCG products. In the July-September quarter, the combined effect of high food inflation and falling demand was seen on these companies and its effect can be seen in the form of rising prices.
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