All the same the packaged consumer goods sector's performance has been mixed over the past three years. Revenues of 12 listed entities including Marico, Hindustan Unilever, Godrej Consumer Products Ltd, Emami Ltd and Dabur India grew at a slow 8.34% compound annual growth rate (CAGR); the sector's operating profit margin expanded 270 basis points to 23.79% at end-March 2016 from 21.09% at end-March 2013 aided by lower input costs.