Kantar, a global research firm, predicts a further decline in demand for daily groceries, essentials, and household products in India over the next few quarters. This projection extends the timeline for volume recovery in the fast-moving consumer goods (FMCG) industry, which experienced a slowdown in the December quarter. In the same quarter, overall volumes expanded by 5.2%, down from 6.9% in the previous quarter, with rural markets growing by 4.8% and urban areas by 5.6%.
Fmcg: An analysis of the commentary made by companies in their Dec quarter earnings calls shows that discretionary spending remains subdued in the mass markets, while the premium end continues to fare well. Read more to understand the consumer gap in India.
The IT sector’s wage bill growth fell to 3% in Q3 FY24 from 22% in the same quarter last year.Sectors like FMCG, metals, power, cement, pharma, chemicals also