In the December 2021 quarter, the contraction in total volumes had been smaller at 2.6% y-o-y while the March 2021 quarter has seen volumes grow by 8%.Īdani Wilmar took an average price hike of 30-35% in the edible oil segment and an increase in the range of 15% in the wheat flour and rice during the quarter ended March. The de-growth in volumes was significantly higher for non-foods at 9.6% y-o-y compared with a contraction of 1.8% y-o-y for food. The double-digit price hikes drove up the growth in the FMCG space by 6% y-o-y in the three months to March helping offset the contraction in volumes to the extent of 4.1% y-o-y. However, Mehta said that a large part of the problem of the input costs had so far been managed by reducing the grammage and that an “immediate price increase is our last resort. Sanjiv Mehta, CEO and MD, Hindustan Unilever, indicated as much, saying some price increases may need to be taken. GST: Automated returns scrutiny set to roll outįMCG players have sought to protect their margins by resorting to price hikes and will likely increase prices further.
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