Demand Revival Restocks FMCG Confidence In Q1
As leading players mark a recovery in demand, the growth trajectory of the sector is starting to get back on track
The report says that the broader consumption demand could still take one or two quarters to get back on track
Jewellery domestic operations grew 18 per cent year-on-year (YoY) in a quarter marked by gold price volatility affecting consumer sentiments
The company notes that the underlying volume growth in the India business continued to improve sequentially to reach a multi-quarter high
Sharing a quarterly update in a regulatory filing, its consolidated revenue is expected to grow in low-single digits