On this page

FMCG Q2 FY27: double-digit revenue growth expected, but crude, palm oil and packaging costs squeeze margins

Our read

Dabur India and peers are more likely than not to post double-digit revenue growth in Q2 FY27 with slower EBITDA growth, and to answer with selective price hikes rather than deeper cuts.

For operators

Plan for double-digit revenue growth in Q2 FY27 but slower EBITDA growth, as crude, palm oil and packaging inflation squeezes margins; Dabur and Godrej Consumer flag the pressure, while Marico's copra, 35% below peak, shows that input mix decides who is protected.

Watch

Marico gross margin commentary against copra staying 35% below peak

The report

Dabur India and Godrej Consumer flag inflation, while Marico expects stronger gross margin with copra prices 35 per cent below peak. ICICI Direct expects EBITDA growth to trail revenue growth in Q2 FY27.

Q2 FY27 FMCG: double-digit revenue growth expected; copra 35% below peak
Expected Q2 FY27 revenue growth, leading FMCG players
double digits
Copra prices vs peak (Marico commentary)
35 per cent below

What to watch next

  • Dabur management remarks on price hikes versus volume growth on the earnings call
  • Crude and palm oil price direction through the Q3 FY27 quarter
  • Godrej Consumer commentary on packaging and palm oil cost pass-through

The source

Source Read the source at ET Small Business

Filed

Also reported by Business Standard, BW Retail World, India Retailing, Free Press Journal Business

First seen