Indian Consumer Firms Face Margin Squeeze
Indian consumer goods makers anticipate narrower September-quarter profit margins despite double-digit sales growth. Rising raw material costs continue to outweigh selective price increases across the sector.
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Xurve View
India's consumer goods makers face narrower September-quarter profit margins despite double-digit sales growth as rising raw material costs outweigh price increases. The margin squeeze comes even as the country's largest listed firms report faster overall profit expansion. The Nifty FMCG index has fallen 18.8% this year, making it the second-worst performing sectoral index after Nifty IT.
