FMCG: Rural market volume, which had been in double-digit decline, turned positive in the June quarter compared with a contraction in the year earlier. Market growth on a two-year compound annual growth rate (CAGR) basis is still down marginally, with rural volume falling 4%, Hindustan Unilever said, citing Nielsen data.
Large packaged foods and fast-moving consumer goods (FMCG) companies said operations in Manipur have been stalled, with some even moving their employees out of the strife-hit state, executives of half a dozen firms said. "Supplies of many daily essentials and packaged foods are being disrupted, as distributors and stockists are unable to supply to retailers," a spokesperson of the North East Distributors Federation for FMCG told ET.
Marico’s intent to diversify its portfolio can aid in the upward trajectory of the margin. Revenue contribution from high margin foods and premium personal care segment (including digital-first brands) is likely to touch 20% in FY24 from 15% in FY23.