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Packaged consumer goods in rural India saw tepid demand in Q3FY24, raising concerns over FMCG sales volumes. Volume growth in rural markets is expected to be flat or slightly lower compared to urban markets. ....
"From a demographic perspective, Metro cities which had grown the fastest from Q2-FY23 to Q1-FY24, were outpaced in H1 FY24 by SURU (semi-urban and rural), which saw the fastest consumption growth of 9.2% YoY, triggered by improved discretionary spending and demonstrating tailwinds in the rural economy," said CMS. ....
DMart shares: Avenue Supermarts stock price declined by nearly 4% following the release of its Q3FY24 business update, which fell below analysts estimates. ....
The 52-week high serves as a crucial technical indicator for traders and investors, signifying the peak price a stock has reached in the preceding year ....
Anand Ramanathan says: “Overall the market looks good, particularly rural India and hence as demand strengthens, some of these pressures of inflation will soften. Also, 60-70% of an FMCG brand s cost comes from the cost of raw material and therefore, inflation and geopolitics and commodity prices, etc, have impact on pricing which many a times they are not able to pass on to the consumer.” ....