Crisil Ratings
Crisil Ratings is forecasting slower organised FMCG volume growth of 2–3% in FY27, down from 5–6% in FY26, as inflation weighs on demand (NDTV Profit, 2 Oct). Poultry offers a brighter call, with about 10% growth projected this fiscal on firmer egg and broiler prices (ET Small Business, 23 Jul).
What it means FMCG investors and suppliers face softer volume expectations, while poultry producers see operating margins improve by 50-70 basis points.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 6 stories, the newest dated 2 Oct 2026. Summary written 3 Oct 2026.
Crisil Ratings issues credit ratings and publishes sector outlooks on Indian industries, including retail-linked segments such as FMCG, apparel and home textiles. [1] source: NDTV Profit[2] source: Business Standard[3] source: Business Standard[4] source: ET Small Business
Show 2 more paragraphs and 6 sources
Its rating work includes an AA- rating on Metropolis Healthcare. [3] source: Business Standard
In October 2026, NDTV Profit reported that Crisil Ratings forecast 2–3% volume growth for organised FMCG companies in FY27, down from 5–6% in FY26. [1] source: NDTV Profit On 10 September 2026, Crisil Ratings forecast 12-13% revenue growth for India's organised apparel retail in FY27, moderating from 15% last fiscal. [5] source: Apparel Resources India That assessment covers 41 retailers representing around 28% of the organised market. [5] source: Apparel Resources India Crisil expects operating margins in the segment to decline about 100 basis points to 14%. [4] source: ET Small Business In late September 2026, Crisil upgraded Metropolis Healthcare's outlook to positive while retaining its AA- rating. [3] source: Business Standard Business Standard carried Crisil's forecast of a 5-10 per cent decline in Indian home textile industry revenue in FY26, tied to 50 per cent US tariffs. [2] source: Business Standard Crisil also expects India's jute industry sales volumes to grow around 15% this fiscal, with operating margins expanding about 130 bps to nearly 9%. [6] source: The Hindu BusinessLine
Sources
Stories that mention Crisil Ratings
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Crisil Ratings is named in these stories but is not their subject.