NEW DELHI FMCG firms are set to
gain from decline in palm oil and
other commodity prices, but most
of them ruled out cutting prices of their products. According to a report by IIFL Institutional Equities, personal care companies such as Emami, Godrej Consumer and Marico are likely to benefit the most, while HUL, despite gaining temporarily, is unlikely to sustain it due to competitive intensity. Import prices of palmolein — a key ingridient in many FMCG products — have gone down to . 54,400 per tonne as on on June 24 from . 57,500 per tonne on May 11, 2011. The companies, however, said there is no scope on of passing the benefit to the customers. — PTI
gain from decline in palm oil and
other commodity prices, but most
of them ruled out cutting prices of their products. According to a report by IIFL Institutional Equities, personal care companies such as Emami, Godrej Consumer and Marico are likely to benefit the most, while HUL, despite gaining temporarily, is unlikely to sustain it due to competitive intensity. Import prices of palmolein — a key ingridient in many FMCG products — have gone down to . 54,400 per tonne as on on June 24 from . 57,500 per tonne on May 11, 2011. The companies, however, said there is no scope on of passing the benefit to the customers. — PTI
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