New Delhi : The FMCG sector of the country is going to undergo an important change soon. However, it may have a direct impact on the pockets of the general public. FMCG i.e. Fast Moving Consumer Goods products like everyday household items like soap, shampoo, chocolate, oil, coffee or household grains like pulses, rice and spices also fall in this range. Let us tell you that these FMCG companies may soon decide to increase the prices of these products, which may also affect your household budget.
Companies like Dabur, Nestle, HUL and Godrej Consumer Products Limited, which are among the big companies in India's FMCG sector, have indicated to increase the prices of these products in the coming time. The biggest reason behind this is said to be the decreasing demand for these products in urban areas, due to which the sales have also decreased. Which has also affected profit and margin. These companies will have to increase the prices of products to maintain profit margin. It is being told that this may happen soon.
These companies gave direct indications
These FMCG companies have directly indicated that the prices of some products may be increased after the decline in urban demand. These companies include names of companies like HUL, GCPL, Marico, ITC and Tata Consumer Products Limited. Under this, Nestle, a brand famous for its coffee, has informed that due to the increase in the prices of products like coffee-cocoa, the company may be forced to increase the prices of its products. Along with this, HUL has accepted that his company can also slightly increase the prices of FMCG products.
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Urban demand plays a major role in FMCG sales
According to the information, it has been found that the share of urban demand in the total sales of FMCG companies remains between 65-68 percent. If this demand decreases, its direct impact can be seen on FMCG products. Due to increase in food inflation rate and decrease in its demand in the quarter from July to September, its joint effect has been seen on these companies. Due to which the prices of these products may increase.
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