India's FMCG sector anticipates a volume-led recovery in Q3 FY26, driven by GST reforms, strong festive demand, and easing raw material costs. Companies like Dabur, Marico, and GCPL report mid-to-high single-digit revenue growth and improved operating margins. Rural demand continues to outperform urban areas, while organized trade and e-commerce show robust double-digit growth, signaling a sustained recovery in consumption.