FMCG companies increased prices by up to 10% amid lack of demand

Detergent prices have increased by 2 to 4 percent.

New Delhi:

Amid continued slowdown in demand, fast-moving consumer goods (FMCG) companies are increasing prices by up to 10 percent to keep revenues high.

This is confirmed by the fact that manufacturers of daily household goods have implemented around 10 per cent price hike across all categories so far in the fourth quarter, except soaps and edible oils. ndtv profit informed of.

A huge increase of up to 10 percent has been seen in the price of toothpaste. The prices of Hindustan Unilever’s Pepsodent and Colgate brands have increased by 2 to 10 percent.

Dabur has also increased the price of its 200 gram Meswak toothpaste by 8 percent.

Marico has increased selected shares of Parachute Hair Oil by 11 percent. Nestle has increased the prices of select stock units of Nescafe Classic and Nescafe Gold by 9 percent.

Detergent prices have increased by 2 to 4 percent.

Soaps, edible oils and biscuits are the only three categories reporting negative prices.

Management’s commentary on the demand outlook remains muted. Companies are counting on recovery from a strong summer season followed by a better monsoon

The topline growth of FMCG companies was weaker than expected in the last quarter ended December. This was because pricing growth in the market continued to be slow and expectations of demand recovery from Q3FY24 remained unfulfilled.