Budget 2018: FMCG to see volume-driven growth; margins to improve slightly
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CRISIL Research expects operating margins to expand 20-50 bps during fiscal 2018 owing to input tax credit benefits and cost rationalisation measures taken by many FMCG companies. However, rising input prices of raw materials such as crude oil and milk will rBudget 2018: FMCG to see volume-driven growth; margins to improve slightly
CRISIL Research expects operating margins to expand 20-50 bps during fiscal 2018 owing to input tax credit benefits and cost rationalisation measures taken by many FMCG companies. However, rising input prices of raw materials such as crude oil and milk will restrict further margin expansion. Read more