Chart Beat: Q1FY27 growth seen steady for consumer staples—but it’s still a pricing story.

Nomura expects India's packaged consumer goods companies to post aggregate revenue growth of 10.4% year-on-year in Q1FY27, marking a third consecutive quarter of double-digit expansion and well above the eight-quarter average of 7.8%. Nestle India is forecast to lead with over 20% revenue growth, while Hindustan Unilever is expected to report about 10% growth versus roughly 8% in the previous quarter. Growth is largely being driven by low-to-mid single-digit price hikes linked to the West Asia war rather than strong volume gains, with investors likely to focus on volume trends, monsoon impact, and margins when companies report earnings.