Rural Demand Drives Consumer Goods Sector’s 11% Value Growth In March Quarter: Report
The forecast of a favourable monsoon and revised tax slabs are expected to provide a boost to consumption in the coming quarters
The forecast of a favourable monsoon and revised tax slabs are expected to provide a boost to consumption in the coming quarters
Backed by consumption demand, the domestic economic activity is on a recovery path, allowing top bank to redirect its focus
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 report states that the moderation in food inflation and encouraging prospects for the agricultural output will support the momentum in rural demand
The slowdown in urban demand was particularly pronounced in specific categories, channels and consumer segments
Companies across the apparel industry are focusing on store rationalisation to enhance margins, although net store additions may remain low in the second half of the year
Analysts predict subdued earnings growth for Indian consumer goods companies in Q4 FY24. While FMCG revenues are anticipated to grow slightly faster, profit growth is expected to lag behind previous trends. The volume growth in the FMCG sector for the quarter ending March 2024 is projected to be challenging, driven by urban demand, with rural […]
The Bank of Baroda (BoB) in a recent report has said that increased shipping costs and delays in shipments due to the Red Sea crisis is a major headwind for the textile sector. The report titled ‘Corporate performance: Q3-FY24’ stated that for the textiles sector, festive demand momentum was short-lived as discretionary demand continues to […]
FMCG major Emami reported an 11.88 per cent increase in consolidated profit after tax to Rs 260.65 crore for the December quarter of 2023-24, aided by improved margins due to lower input prices. According to the company’s regulatory filing, the business had a net profit of Rs 232.97 crore in the October-December fiscal year 23. […]