What is the core allegation in the new Competition Commission of India (CCI) investigation against Givaudan, Firmenich, and IFF?

The core allegation is 'alleged cartelisation in the Indian fragrance industry' involving price collusion since 2024, as stated in a confidential CCI document dated July 22 seen by Reuters.

Why was the CCI's February investigation report recalled in July?

The report was recalled in July after Givaudan and IFF complained that their commercial secrets were not properly redacted, according to the CCI's internal July 22 document.

India Investigates Fragrance Giants Over Price Collusion, Document Shows

Aug 25, 2026

Indian regulators launched an antitrust probe into Givaudan, Firmenich, and IFF over alleged price collusion in the fragrance industry. A confidential document revealed the case involves commercial secrets disputes, potentially delaying the two-year-old investigation.

reuters

2026-08-25

India Investigates Fragrance Giants Over Price Collusion, Document Shows

India Investigates Fragrance Giants Over Price Collusion, Document Shows

FAQ