Growth in the FMCG sector is being driven by the increasing adoption of medium and high-value packs across various key categories, according to Jyothy Labs, renowned producer of popular brands like Ujala, Henko, Margo, Exo, and Pril. While urban demand remains steady, rural markets are gradually returning to normalcy, supported by reduced inflation and rising agricultural revenues. In the past year, consumer spending has been influenced by inflation, resulting in a shift towards smaller pack sizes. However, this trend has contributed to a slowdown in the industry due to price growth. Looking ahead, it is projected that FMCG firms will experience a revenue growth of 7-9% in FY24, which is slightly slower compared to the 8-9% growth witnessed in the sector over the last two years.
This week’s edition of “Indian Retail at a glance” highlights How Erratic rains pose demand challenges for beverage makers? Rural sales revival weak for FMCG firms in June quarter? FMCG firms’ sales in Q1 paint a mixed picture.
ITC's FMCG Biz Records 21% Rise In Annual Consumer Spend At Rs 29,000 Cr In FY23
Diversified conglomerate ITC's FMCG business has recorded a 21 per cent rise in annual consumer spend to nearly Rs 29,000 crore in 2022-23, according to the latest annual report of the company.
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FMCG Industry To Witness 'Significant Growth' In FY24, Says Jyothy Labs
The fast moving consumer goods (FMCG) sector is expected to see a 'significant growth' in FY24 with rural demand showing improvement and inflation beginning to moderate, said Jyothy Labs in its latest annual report.
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At $100 billion-plus valuation, Reliance Retail bigger than FMCG giants ITC, HUL
While investors are busy guessing whether Reliance Retail will get listed through the IPO route or get demerged later on just like Jio Financial, the company has already been valued at more than $100 billion, making it bigger than FMCG giants like ITC and HUL.
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Rural sales revival weak for FMCG firms in June quarter
The much-anticipated rural recovery in the June quarter (Q1) of FY24 has been weak even as urban demand remained steady, commentary by firms such as Marico and Godrej Consumer (GCPL) suggests.
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Dabur India shares Q1 updates, says business growth at 10%
Dabur India on Thursday came out with a business update for the June quarter, saying Dabur India's consolidated business including recently acquired Badshah Masala, is expected to register growth in excess of 10 per cent. The FMCG major said its international business may report a strong performance with double digit growth in constant currency terms.
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Erratic rains pose demand challenges for beverage makers
Summer sales of cold drinks were “challenging" this year as unseasonal rains crimped demand for beverages in India, said a top executive at Coca-Cola India.
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FMCG firms’ sales in Q1 paint a mixed picture
Fast-moving consumer goods companies such as Godrej Consumer Products (GCPL), Marico and Adani Wilmar have given mixed indications of their financial performance in the June quarter.
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