Demand trends in the March quarter “remained sluggish” but rural growth picked up, FMCG major Dabur said, adding that it expects consumption to pick up in the coming month, helped by a good rabi crop harvest and forecast of a normal monsoon.
The rural growth is “fuelled by price rollbacks”
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.