Sugar peak puts FMCG margins under new pressure | Today’s news

Ingredient costs jumped 20% in the June quarter for seven consumer companies with significant exposure to sugar in their food portfolios, an analysis by Mint found. As a result, their operating margins hit a four-year low of 22.2%, falling below levels at the height of the Russia-Ukraine war, while combined net profits fell 7%. Six of them, including Britannia Industries, Nestlé India, Varun Beverages, ITC and Dabur, are part of the Nifty FMCG index.