Get ready to pay more for biscuits, snacks and ice-creams as fast-moving consumer good (FMCG) companies are hiking the prices due to rising input costs.
Household names like Britannia, Amul, Dabur and Parle are either raising the prices of their products or providing lower quantities at the same price-point, The Economic Times reported on Monday.
Input costs for these companies have gone up. Ingredients like skimmed milk powder prices have moved from Rs 140 a kg last year around the same time to over Rs 240 a kg now. Besides, prices of sugar, too, have risen by