FMCG Q4 Results Preview: Weakness In Demand Environment To Continue, Predicts Nirmal Bang

Nirmal Bang expects its FMCG coverage universe to clock revenue growth of 6% YoY on account of price increases to combat material cost inflation and no material improvement in volume growth. The brokerage projects gross margin for most of our coverage FMCG companies to witness a decline on YoY basis on the back of significant increase in commodity costs even as moderate pricing actions remain underway.