New Delhi, April 7 -- The March quarter (Q4FY25) is unlikely to bring great excitement for Indian fast-moving consumer goods (FMCG) companies, although some should fare better than others.

Take Marico Ltd for instance. In its business update last week it said Q4 year-on-year consolidated revenue growth was in the high teens, aided by steady growth trends across key segments and pricing tweaks in the domestic business. Growth stood at 15% in Q3. Marico said it expects to maintain double-digit revenue growth in FY26. The stock is flattish since its update.

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In contrast, Dabur India Ltd's update was disappointing. It said it expected growth in the India FMCG business to drop to mid-single digit...