Consumer Staple Demand Recovers In Rural Areas, Urban Areas Witness Slowdown: Report
The slowdown in urban demand was particularly pronounced in specific categories, channels and consumer segments
FMCG
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FMCG Sector’s Revenue Growth Slows, Margins Expand Moderately: Q4 Outlook
- by BW Retail World Bureau
- April 4, 2024
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 […]
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Marico Q3 Revenue Dips 2% Amid Soft Rural Demand, Profit Up 16%
- by BW Retail World Bureau
- January 30, 2024
Marico, the FMCG company, reported a Q3FY24 profit of Rs 386 crore, marking a 15.9 per cent increase compared to Rs 333 crore in the third quarter of FY23, surpassing estimates. The revenue from operations stood at Rs 2,422 crore, reflecting a 1.9 per cent decrease, with underlying volume growth of 2 per cent in […]
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FMCG Sector Forecasts Mid Single-Digit Volume Growth In Q3, Margin Expansion Expected
- by BW Retail World Bureau
- January 6, 2024
Analysts anticipate a sluggish revenue growth in the third quarter of FY24 for the fast-moving consumer goods (FMCG) sector due to subdued volumes, despite the favorable impact of lower raw material prices on gross margins. The persisting demand challenges have led to restrained volume growth across FMCG products. Rural volumes lag behind urban figures, impacted […]
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Dabur Expects Consolidated Revenue Mid-to-High Single-Digit Growth In Q3
- by BW Retail World Bureau
- January 5, 2024
Dabur said in a third-quarter report on Thursday that it anticipates consolidated sales to climb in the mid to high single digits, a small improvement over the July-September period. The company which is the producer of Real juice, Homemade sauces, and Chyawanprash stated in a stock exchange filing that its foods and beverages business, which […]
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India’s Economy Projected To Grow By 6.5% In FY24: Finance Ministry
- by BW Retail World Bureau
- December 1, 2023
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India’s GDP is expected to grow by 6.5 per cent in financial year 2024. Growth projections for Financial Year 2024 indicate that India will grow by 6.5 […]
FMCG
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Crisil Forecasts 7-9% Revenue Growth For FMCG Sector In 2023-24
- by BW Retail World Bureau
- July 6, 2023
Revenue of the fast-moving consumer goods (FMCG) sector is expected to grow 7-9 per cent this fiscal 2023-24, a tad slower than the 8-9 registered in the past two fiscals, according to Crisil Ratings. Higher volume is expected to drive revenue growth, amid support from a gradual recovery in rural demand. On the other hand, […]