India's Top CPG Companies Cut Prices Of Leading Products In January 2015

India’s leading consumer packaged goods companies, including Marico Ltd., Dabur India Ltd., and Procter & Gamble Home Products Ltd., have reduced the prices of their leading products. According to brokerage firm Religare Securities Ltd., raw material cost index for CPG companies declined 0.7 percent in January 2016, compared with the previous month, and 3.8 percent lower than the previous year. In December 2015, sales of CPG products dropped to a five-year low, following an economic slowdown in the country’s rural regions. Prices of toothpastes rose, according to Religare, with leading manufacturers, including Colgate-Palmolive, Hindustan Unilever, and GlaxoSmithKline, leading the trend in January 2016.