Global packaged consumer goods makers reported strong growth for their India businesses in the March quarter. Mondelez International and Reckitt said that they witnessed double-digit growth in the country in the first quarter of 2026. While Coca-Cola noted that the global volume growth was led by markets including India, L’Oreal pointed out that the India business advanced strongly during the quarter.
This comes at a time when consumer products players are facing headwinds due to geopolitical tensions and uncertain macroeconomic conditions, which has impacted global supply chains.
On the earnings call on Tuesday, Dirk Van de Put, Chair and Chief Executive Officer, Mondelez International said, “ In India, we had a strong double-digit growth in Q1CY2026 in chocolate and in biscuits. There, we launched Biscoff in biscuits and our line is already sold out. So a very strong launch there, too. And then, of course, there was the GST change in India that is helping consumption in quite a way….We see a very positive confidence in India.” Mondelez International’s portfolio includes Oreo and Cadbury.
Danish multinational brewing giant Carlsberg on Wednesday said it has registered a “double-digit volume growth” in the Indian market during the first quarter of CY 2026.
Double-digit growth
Earlier this month, Reckitt stated that its India business delivered double-digit growth in the March quarter “led by strong growth in Germ Protection (Dettol), Intimate Wellness (Durex), and Household Care (Finish) categories” driven by expanded distribution.
Beauty major L’Oreal also said that India business advanced strongly in the quarter while noting that markets such as India, Brazil and Vietnam led consumer products division growth in emerging markets.
Beverage major Coca-Cola said that global unit case volume growth during the quarter was led by China, the US and India. The company said its building the India business for the long-term with a focus on driving affordability and expanding rural penetration.
PepsiCo too pointed out that India was among the international markets that witnessed strong organic revenue growth in the snacks segment.
Packaged food major Nestle S.A’s management on the earnings call said that emerging markets including India performed well during Q1 and offer “huge potential going forward”.