Analysts noted that domestic consumer demand remained muted in Q4, in line with past two quarters. This is even as rural demand saw some pick-up on a low base.
FMCG companies reported muted performance in Q3FY24 due to sluggish rural demand and increased competitive intensity, affecting overall volume growth. Amid this environment, let s analyse between ITC and Hindustan Unilever (HUL), which stock has better long-term investment opportunities.
December quarter typically is a seasonally strong quarter marked with festivals and the onset of winter. However, this time it was characterised by uneven monsoon, delayed winter and slow growth in demand for mass products compared with the premium end of the shopping basket.