Budget 2026 ne FMCG sector ke liye ek dual strategy apnaayi hai. Ek side pe production badhane aur manufacturing ko support karne ke liye incentives diye ja rahe hain, toh dusri side pe kuch products pe duty adjust karke revenue badhane ki koshish hai. India ki GDP growth bhi strong rehne ka Andaaza hai.
Food Processing aur Manufacturing Sector ko Tohfa
Government ne food processing industry ko strong karne ke liye Rs 1,700 Crore ka budget rakha hai PM FME Scheme ke liye, jo pichle saal ke Rs 1,500 Crore se zyada hai. Production-Linked Incentive (PLI) Scheme for food processing ko bhi Rs 1,200 Crore milenge. Apne Indian Cashew aur Cocoa ko globally promote karne ka plan 2030 tak hai. Seafood exports ke liye bhi help hai, duty-free import limit Rs 3% tak badha diya gaya hai. White goods PLI scheme ke liye outlay ko Rs 1,004 Crore kar diya gaya hai, jo pehle sirf Rs 304 Crore tha. Microwave oven parts pe basic customs duty maaf kar di gayi hai.
Tambaku aur Sharab pe Tax Ka Zahrela Danda
Budget mein tambaku products pe National Calamity Contingent Duty (NCCD) badha di gayi hai. Kai tarah ke tambaku products, jaise chewing tobacco aur cigarettes, pe excise duty 1 Feb 2026 se badh jayegi. Sharab ki baat karein toh, sellers ke liye Tax Collection at Source (TCS) rate ko 2% kar diya gaya hai, matlab pehle se double. Yeh sab measures in products ko zyada expensive bana denge.
Personal Care Aur Gaon Ki Dukaan
Adult diapers aur Copper-T contraceptives ke inputs par customs duty exemptions khatam ho jayenge 1 April 2026 se. Rural areas mein women ko empower karne ke liye 'Self-Help Entrepreneur (SHE) Marts' khulega. Chhatri (umbrellas) ki duty bhi domestic manufacturing ko boost karne ke liye adjust ki gayi hai.
Market Ka Kya Scene Hai?
FMCG sector mein budget ka focus domestic manufacturing aur value addition par hai. PM FME aur PLI schemes se industry ko support milega. Lekin companies ko volume recovery aur inflation jaise issues bhi face karne pad sakte hain. White goods ke liye imported components pe duty rationalization se prices kam ho sakte hain. Tambaku pe duty hike public health aur revenue dono ke liye hai.
Bade players ki baat karein toh, Nestlé India ka market cap lagbhag Rs 2.56 lakh Crore hai aur P/E ratio 80 ke aas-paas hai. Marico ka market cap Rs 95,000 Crore ke kareeb hai aur P/E ratio 55 hai. Jubilant FoodWorks ka market cap Rs 32,000 Crore se upar hai aur P/E 85-110 ke beech mein chal raha hai. Budget ke baad inke stock reactions dekhne layak honge. Government ka target FY27 tak fiscal deficit ko GDP ka 4.3% rakhna hai, jo dikhata hai ki growth ke saath financial prudence bhi maintain ki ja rahi hai.