FMCG growth moderates in December quarter as GST transition impacts pricing and consumption

FMCG sales growth slowed to 7.8 percent in the December quarter of 2025. This moderation followed GST rationalisation and a high sales base from the previous festival season. Volume growth also dipped to 2.6 percent. Organised retail channels adapted quickly to price changes. Rural markets continued to outpace urban consumption, though the growth gap narrowed.