FMCG firms report single-digit volume growth with better margins in December quarter thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Companies such as HUL, ITC, Marico, Dabur, and Godrej Consumer Products said urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quarters. Moreover, the late arrival of winter also impacted the pickup of relevant products such as lotions, oils and creams. Hindustan Unilever (HUL) reported a muted growth in consolidated net profit at Rs 2,508 crore and its sales were marginally down to Rs 15,259 crore.
India Business News: Dabur India's CEO, Mohit Malhotra, expects the rural market to recover and match the growth rate of the urban market in the next three to four quarter
FMCG major Dabur India is experiencing a "very good recovery" in rural markets and expects growth to match the urban market in the next 3-4 quarters. CEO Mohit Malhotra believes that the slow volume recovery is happening due to inflation and commodity price cooling, narrowing the difference between rural and urban growth rates.