Reported by from The Economic Times, on Friday (April 10, 2026), the sector is entering a demand-led upcycle phase, with edible oils acting as the primary growth driver.

According to a research report by Nuvama, overall volumes are expected to grow by around 13% year-on-year (YoY), driven by stable consumption of key commodities such as soybean oil, mustard oil, rice bran oil, and palm oil.

“Overall, volumes are projected to grow by around 13% YoY, supported by strong performance in edible oils and industry essentials,” the report stated.

In addition, price increases of around Rs4–5 per liter are expected to boost revenue and support margins in the short term.

The Industry Essentials segment—including oleochemicals, castor derivatives, and de-oiled cake (DOC)—has also contributed significantly, exceeding expectations due to recovering industrial demand and improved pricing.

Meanwhile, the food and Fast Moving Consumer Goods (FMCG) segment continues to show moderate growth. Although staple commodities such as rice and wheat are seeing increased demand, especially for branded products, the packaged food segment remains in gradual recovery.

Overall, the sector is projected to achieve high-teen revenue growth with double-digit volume expansion in the near term, while margins are expected to remain stable.