Get latest articles and stories on Latest News at LatestLY. Consumer demand remained "steady" through the March quarter and the FMCG sector is expected to witness a gradual recovery in growth rates, said Godrej Consumer Products Ltd (GCPL) on Wednesday. Latest News | Consumer Demand Steady in March Quarter, Expect Double-digit Volume Growth: GCPL.
In the international business, in Indonesia, which is GCPL's largest foreign market, the company is witnessing a gradual recovery in performance. Get more Markets News and Business News on Zee Business.
New Delhi, Oct 5: Godrej Consumer Products Ltd (GCPL) expects consumption to improve in the second half of the current financial year, mainly due to moderation in inflationary pressure amid correction in commodity prices. The company’s forecast also comes against the backdrop of the country’s FMCG industry continuing to remain soft amid slower growth in rural markets. “We expect a mid-single-digit volume drop, with a low single-digit 3-year volume CAGR. Personal Care sustained its strong double-digit growth trajectory, while Home […]