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FMCG Q2 FY27: double-digit revenue growth expected, but crude, palm oil and packaging costs squeeze margins
Our read
Dabur India and peers are more likely than not to post double-digit revenue growth in Q2 FY27 with slower EBITDA growth, and to answer with selective price hikes rather than deeper cuts.
For operators
Plan for double-digit revenue growth in Q2 FY27 but slower EBITDA growth, as crude, palm oil and packaging inflation squeezes margins; Dabur and Godrej Consumer flag the pressure, while Marico's copra, 35% below peak, shows that input mix decides who is protected.
Watch
Marico gross margin commentary against copra staying 35% below peak
The report
Dabur India and Godrej Consumer flag inflation, while Marico expects stronger gross margin with copra prices 35 per cent below peak. ICICI Direct expects EBITDA growth to trail revenue growth in Q2 FY27.
- Expected Q2 FY27 revenue growth, leading FMCG players
- double digits
- Copra prices vs peak (Marico commentary)
- 35 per cent below
What to watch next
- Dabur management remarks on price hikes versus volume growth on the earnings call
- Crude and palm oil price direction through the Q3 FY27 quarter
- Godrej Consumer commentary on packaging and palm oil cost pass-through
The source
Filed
Also reported by Business Standard, BW Retail World, India Retailing, Free Press Journal Business
First seen