FMCG companies expect higher single-
“The domestic India business witnessed steady momentum in the quarter ended March 31, 2026, underpinned by a stable macroeconomic environment. This strong domestic performance has helped offset challenges in our key international markets, particularly (the) Middle East, where geopolitical tensions led to demand disruptions and supply chain disruptions,” Dabur India said in its quarterly update released on Friday.
The company’s food and beverages segment witnessed sequential improvement and is expected to register low single-digit growth in Q4FY26.
Food products, juices and coconut water recorded a growth rate of more than 20 percent.
“The out-of-home portfolio was impacted due to unseasonal rains in key markets. Real brands continued to drive category growth and gained market share in nectars, juices and coconut water,” Dabur said.
Meanwhile, the home and personal care segment has maintained its double-digit growth path and is likely to grow in the mid-teens. The company said this growth is expected to be led by hair oil, shampoo and home care, which are likely to register growth in the high twenties.
In the healthcare sector, honey, honeytuss, health juices and hajmola franchises are expected to register strong double-digit growth, while glucose was impacted by unseasonal rains.
Mumbai-headquartered Marico also said that the region witnessed stable demand sentiment during the quarter under review.
“We are optimistic of a gradual improvement in consumption trends in the coming quarters, while the macroeconomic impact of the evolving geopolitical situation in the Middle East remains a key monitorable,” the company said in its quarterly update.
The company’s India business has maintained high single-digit volume growth “with modest sequential improvement”, it said.
Marico’s flagship brand Parachute recorded low single-digit volume growth after taking selective pricing action to pass on value to consumers amid softening of copra prices. Meanwhile, Saffola oils recorded high single-digit revenue growth due to volume improvement, and value-added hair oils recorded growth in the high twenties.
“With strong underpinnings of sustainable growth, we are confident of delivering healthy volume-driven revenue growth in FY2027,” Marico said.
“The company’s international business has maintained its strong momentum, with consistent currency growth in the high teens. Every market contributed positively, apart from the Gulf region, which was impacted by ongoing geopolitical disruptions in March,” Marico said.
The conflict between America, Israel and Iran also affected Dabur’s West Asia business.
“Our other key markets such as Turkey, Bangladesh and the UK performed well and continued to grow in double digits in constant currency terms. We expect our international business to register low-single digit growth,” the company said.
