Industry Reports

October 2026 GST collections in India and domestic versus import revenue growth

October GST Jumped 22.9%. Three Checks Before You Read It as Festive Demand

Gross GST collections for October came in at Rs 2.31 lakh crore, up 22.9% on last year, according to provisional data released on November 1. Coverage describes it as the fastest annual growth in more...

Indian festive e-commerce shopping and average order value trends in 2026

Redseer’s Festive Numbers Are In. The Average Order Value Is the Detail to Watch

When the festive sales opened on October 8, we wrote that “orders doubled” was only the first number. Redseer Strategy Consultants has now published estimates that let us start answering t...

HUL Q2 FY27 results showing multi-year-high volume growth and the contribution of pricing to FMCG sales

HUL’s Volume Growth Hit a Multi-Year High. Price Still Did a Bit More of the Work

Hindustan Unilever reported its September-quarter results on October 28, and the headline numbers were stronger than the previews. Underlying sales growth came in at 15%, the highest in 14 quarters. U...

HUL Q2 FY27 results preview showing analyst revenue and volume forecasts ahead of the October 28 announcement.

HUL Reports Tomorrow. The Number to Watch Isn’t Revenue

Hindustan Unilever reports its September-quarter results on Wednesday, October 28, and the run-up has been unsettled: the stock fell 3% on Tuesday to an intraday low of Rs 1,758.60, its lowest level i...

NPCI deferral of the UPI MDR until after Diwali 2026, with the research baseline window shown on a timeline.

NPCI Deferred the UPI MDR Two Days Before Launch. The Research Window Moved; It Didn’t Close

On October 13, 2026, NPCI’s UPI and Services Steering Committee deferred the merchant discount rate on select UPI payments. Citing the festive season, it said the MDR will be implemented “...

RBI repo rate hike to 5.50% in October 2026 and its impact on festive season consumer demand | Maction Consulting

The RBI Just Raised Rates for the First Time Since 2023. Festive Shoppers Won’t Feel It Yet — and That’s the Research Problem

On October 7, the RBI’s Monetary Policy Committee voted unanimously to raise the repo rate by 25 basis points to 5.50% — the first increase since February 2023 — and shifted its stance from neut...

Gold at Rs 81,000 per 10g before Dhanteras 2026 — investment vs jewellery buying split and festive consumer research implications | Maction Consulting

For the First Time Since 2000, Indians Are Buying More Gold as Investment Than as Jewellery

Dhanteras falls on November 6 this year, exactly a month away, and the World Gold Council’s own data points to something that would have sounded implausible a few years ago: in the first quarter...

UPI MDR trader protest October 2026 — CAIT merchant pushback and festive season payment mix impact | Maction Consulting

Traders Just Split Over the UPI MDR Protest — Which Is More Useful Data Than the Protest Itself

The planned “No UPI Day” protest for October 2 — which we flagged two weeks ago as the kind of merchant-behaviour question standard trackers don’t capture — just played out in a genu...

Crude at $107 and rupee past 96 — festive season cost pressure beyond fuel for Indian brands | Maction Consulting

Crude at $107, Rupee Past 96: This Isn’t Just a Fuel Story Anymore

Brent crude crossed $107 a barrel this weekend, and the rupee slipped past 96 to the dollar on September 28 for the first time — two numbers moving together, twelve days before Navratri begins. The pr...