Mumbai (Maharashtra), July 28 -- : Revenue growth of fast-moving consumer goods (FMCG) sector will double from 5 to 6 per cent last fiscal to 10 to 12 per cent in the current one, Crisil Ratings has said.
It will be the highest in past three fiscals, driven by price hikes effected across product categories to offset the impact of raw material price increase and a raft of other favourable factors.Operating margins, on the other hand, will be restored to the normal level of 19 to 20 per cent with a moderation of 80 to 100 basis points (bps) this fiscal due to increase in advertising expense and rise in raw material prices.
Interestingly, said Crisil, operating margin had improved by 100 bps last fiscal despite lower revenue growth due to re...