Business news: From bread, butter and honey to spices can be expensive

FMCG companies can increase the prices of products by up to three percent this year. Due to this, the prices of bread, butter, honey and spices may increase. Last year, due to falling prices of raw materials, these companies had reduced their prices, but this year the prices of raw materials have started increasing again. In such a situation, companies are now preparing to increase prices.

Fast Moving Consumer Goods (FMCG) companies say that increasing product prices will have a positive impact on their margins. Companies like Godrej Consumer, Dabur and Emami said the price hike will bring back value-led growth. Dabur said that it has increased the prices of food products by up to 2.5 percent. Emami may increase prices by about three percent this year. A Godrej Consumer official said commodity prices are slightly higher now.