FMCG companies will increase prices, know why?
FMCG or Fast Moving Consumer Goods (FMCG) companies are now going to increase prices and for this five major FMCG companies in india have also said yes. FMCG companies have predicted price hike citing rising inflation and fluctuations in commodity prices. FMCG companies are considering increasing prices by 4-10 percent to maintain volume growth, it remains to be seen when it is announced.
RBI governor has also expressed concern over food inflation
Amid the announcements of the Reserve Bank's monetary policy today, RBI governor Shaktikanta Das said that food inflation has raised RBI's concern. Food inflation is getting 46 percent weightage in the retail inflation rate. Food inflation has contributed 75 percent to the retail inflation rate of May and June.
Britannia industries said - we will have to increase prices a little
According to the Economic Times report, Britannia industries Managing director Varun Berry had said in the analyst call that the inflation rate is expected to remain between 4-5 percent in the coming months and if this happens then we will have to increase the prices a little. In the analyst call after the first quarter results, Britannia MD clearly said - "We have done what we could. We have not increased the prices for a long time but now the time has come to start consolidation."
Dabur india Limited hinted at increasing rates in the food business
Dabur Chief Executive Mohit Malhotra said that due to the increase in the inflation rate of food items, we may have to increase some prices in our food business. This increase can be up to 2 percent. Let us tell you that Dabur had increased the price of healthcare products by 6 percent in the first quarter of the current financial year. At the same time, prices were increased by 1.5 percent in the home and personal category.
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