Archive · 26 Oct 2025
FMCG Companies Face Headwinds, Maintain Positive Outlook in India
In India, companies selling everyday goods like soap, drinks and beer, saw their sales impacted during the September quarter.
This was due to some new tax rules, heavy rain, and other changes.
While these issues created challenges for some companies, others are optimistic about future growth.
Companies like Unilever anticipate positive outcomes, despite short-term setbacks.
Even with the difficulties, some companies are still doing well, and they are hopeful for better times.
FMCG companies reported sales impacts in the September quarter.
GST reforms and heavy rains negatively impacted sales.
Unilever expects long-term benefits from GST.
Heineken's India beer volume declined due to heavy rains.
Coca-Cola and PepsiCo cited weather-related disruptions.
- Who
- FMCG companies, including Unilever, Reckitt, Heineken, PepsiCo, Coca-Cola, Pernod Ricard, and Nestle
- What
- Reported sales impacts in the September quarter due to GST reforms, heavy rains, and excise policy changes, but anticipate growth.
- When
- September quarter of 2025.
- Where
- India.
- Why
- Impacted by GST reforms, heavy rains in some regions, and excise policy changes in Maharashtra.
Negative Impacts
Positive Outlook
Sales Impact
Negative Impacts
Multiple companies experienced sales declines due to external factors.
Positive Outlook
Companies are optimistic about future growth despite recent challenges.
- Companies Mentioned
- Unilever, Reckitt, Heineken, PepsiCo, Coca-Cola, Pernod Ricard, Nestle
- Quarter of Impact
- September Quarter 2025 (Q3)
- Negative Impact Factors
- GST Reforms, Heavy Rains, Excise Policy Changes
- Positive Outlook Drivers
- Favorable Macro-Economic Conditions
- Heineken India Beer Volume Change
- Mid-single-digit decline
- Pernod Ricard India Sales Growth
- Up 3% in latest quarter