India’s leading FMCG companies have said that they witnessed steady demand conditions despite volatile operating environment and expect to witness double-digit revenue growth in the September quarter.
Dabur India on Tuesday said in Q2 FY27 at a consolidated level it expects to record double-digit revenue growth while the domestic FMCG business witnessed its strongest performance in recent quarters.
Marico too said that consolidated revenue is expected to grow in double digits with strong performance across our core, digital and international portfolios. Godrej Consumer Products too said it expects to post strong performance in the quarter under review.
In its quarterly preview filing , Dabur India said, “The demand conditions remained steady during the quarter despite a volatile operating environment marked by renewed geopolitical tensions in West Asia, persistent inflationary pressures across various commodities and deficit rainfall. We remain optimistic for further acceleration in consumption, supported by the upcoming festive season, while continuing to monitor the evolving geopolitical and inflationary environment. “
Noting that at a consolidated level, it expects revenues to record double-digit growth, the company added that the India FMCG business sustained its growth momentum and is expected to accelerate to double-digit growth, “marking its strongest performance in recent quarters.”
While modern Trade continues to grow at double digits, general Trade also continued to grow across both urban and rural markets, with rural continuing to outpace urban, the FMCG major added.
At the same time, Dabur India emerging distribution channels including e-commerce and quick-commerce are expected to report strong growth momentum.
“International Business, despite severe headwinds in the Middle East, is expected to post high-teens growth in INR terms, with key markets like Egypt, Turkey, USA, Bangladesh and UK, each recording strong double-digit growth in INR terms. Our key brands continued to deliver robust growth across categories, supported by focused brand investments and wider distribution reach,” Dabur India added.
Marico noted that domestic demand remained resilient during Q2FY27, even as the operating environment stayed volatile through the period.
“The India business continued its strong momentum, delivering another robust quarter with underlying volume growth touching double digits. Consolidated revenue is expected to grow in double digits with strong performance across our core, digital and international portfolios, underscoring the effectiveness of our strategic priorities and execution discipline,” it stated in its quarterly preview.
Meanwhile, Godrej Consumer Products said that for Q2FY27, at a consolidated level, it expects to deliver another quarter of strong performance, “with high-teens revenue growth, high-single-digit underlying volume growth and double-digit EBITDA growth.”
Published on October 6, 2026
