Import Duty Cut on Soya, Palm and Sunflower Oils by the GoI - Key Beneficiaries

The Government of India’s move to cut import duties on edible oils — Soya Oil, Crude Palm Oil (CPO), and Sunflower Oil — from 20% to 10% will have several sector-wide implications, particularly for FMCG companies that rely heavily on edible oils as input. Here’s a breakdown of how this impacts FMCG stocks: Positive Implications for FMCG Stocks 1. Lower Input Costs → Margin Expansion • Edible oils are a key raw material in products like: Packaged foods (chips, instant noodles, biscuits) Bakery & confectionery Personal care (soaps, creams with palm derivatives) • Companies such as

, , , and Nestlé India could see input cost savings, leading to: o Higher gross margins o Better operating leverage if volume growth sustains For the full report, pls refer attached doc