Cost of FMCG goods, which include spices, butter, honey, and bread, may go up
FMCG: Dabur said it has increased the prices of food products by up to 2.5 per cent. Emami may increase prices by about three per cent this year. A Godrej Consumer official said commodity prices are slightly higher now.
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This year, FMCG companies have the option to raise product prices by up to 3%. This could lead to an increase in the cost of bread, butter, honey, and spices. These businesses lowered their prices last year as a result of declining raw material prices; however, this year, raw material prices have begun to rise once more. Businesses are currently getting ready to raise prices in such a scenario.
Companies in the fast-moving consumer goods (FMCG) industry claim that raising product prices will boost their profit margins. Companies that claim the price increase will restore value-led growth include Godrej Consumer, Dabur, and Emami. According to Dabur, food product prices have increased by up to 2.5 per cent. Emami may increase prices by about three per cent this year. A Godrej Consumer official said commodity prices are slightly higher now.
