Spending In Consumer Durables Sector Surges In FY25, Shows Report
The report reveals that quick commerce marked a big win with 10 per cent year-on-year (YoY) consumption growth in the fiscal year 2025 (FY25)
The report reveals that quick commerce marked a big win with 10 per cent year-on-year (YoY) consumption growth in the fiscal year 2025 (FY25)
The report states that key indicators like healthy reservoir levels and states introducing welfare schemes for women to aid consumption are expected to support the recovery
The company expects gradual improvement in overall consumption sentiment on the back of moderating retail and food inflation
However, the report stated that in some of the categories, the effects of price cuts taken earlier are now behind
Many consumer durable companies missed estimates due to a combination of weak demand, high raw material prices, and increased spending on advertising
As the purchasing capacity of Indians is increasing with time, the companies are trying to tap those consumers and sell their premium products
The body has requested the minister to facilitate a dialogue between all stakeholders, including the representatives from the retail sector, FMCG companies and quick commerce platforms
Basmati rice brands ‘Daawat’ and ‘Royal’ lead growth amid challenging market conditions LT Foods, a global FMCG company with Indian origins and over 70 years in the consumer food sector, reported a 14 per cent increase in consolidated net profit, reaching Rs 150.24 crore for the fourth quarter of fiscal 2023-24, buoyed by strong sales. […]
Marico’s shares surged by 3.24 per cent in Friday’s trading session following the release of its quarterly business update for the March quarter. The company reported that FMCG demand remained steady during the quarter, similar to previous quarters, with urban and rural consumption patterns largely aligning. In Q4 FY24, the domestic business experienced a slight […]