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Global research firm Kantar predicts continued decline in demand for FMCG products in India, ET Retail

FMCG Products: Kantar, a global research firm, predicts a further decline in demand for daily groceries, essentials, and household products in India over the next few quarters. This projection extends the timeline for volume recovery in the fast-moving consumer goods (FMCG) industry, which experienced a slowdown in the December quarter. In the same quarter, overall volumes expanded by 5.2%, down from 6.9% in the previous quarter, with rural markets growing by 4.8% and urban areas by 5.6%. ....

Fmcg Products , Fmcg Industry , Kk Ramakrishnan , South Asia ,

FMCG products: Global research firm Kantar predicts continued decline in demand for FMCG products in India

Kantar, a global research firm, predicts a further decline in demand for daily groceries, essentials, and household products in India over the next few quarters. This projection extends the timeline for volume recovery in the fast-moving consumer goods (FMCG) industry, which experienced a slowdown in the December quarter. In the same quarter, overall volumes expanded by 5.2%, down from 6.9% in the previous quarter, with rural markets growing by 4.8% and urban areas by 5.6%. ....

Mohit Malhotra , South Asia , Fmcg Products , Fmcg Industry , Kk Ramakrishnan ,

IISc bengaluru: Ex-Infoscion, ISRO Chairman among five chosen for IISc's Distinguished Alumni Awards

The Indian Institute of Science (IISc) has selected five exceptional scientists and engineers for its Distinguished Alumni Awards in 2023. The recipients include DN Prahlad, KK Ramakrishnan, Mrinalini Chatta Rao, S Somanath, and Dheepa Srinivasan. These individuals will receive the awards during a ceremony scheduled for December 2023. ....

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Demand for essential items at decade-high levels, Retail News, ET Retail

Essential Items: Sales of daily groceries and essentials increased 8.5% YoY between April and June; the highest increase in a decade. FMCG sales was up 5.3% in rural markets and 12% in cities from a year earlier. However, consumption in villages only grew by 2%. Analysts believe the high increase in sales was largely due to the government offering free food grains, notably atta, which saw a growth of 8.5% during the quarter. ....

Mohit Malhotra , El Nino , Saugata Gupta , Worldpanel Division , Kantar Worldpanel , Krishnarao Buddha , South Asia , Essential Items , Parle Products , Kk Ramakrishnan ,

Indian homes grow warmer towards cold beverages

In-home penetration of cold beverages, which includes soft drinks, squashes, powdered mixes, and packaged juices, has grown by 47% in May 2023 compared to 38% in 2019. The marketing data and analytics company Kantar reported that this growth rate is significantly better than any 12-month period before the pandemic. ....

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