Report predicts slow growth in consumer goods sector for 3Q-FY25

Growth in consumer goods space is set to be muted for yet another quarter (October-December 2024), asserted Mirae Asset Sharekhan, attributing it to sluggish urban demand, a gradual recovery in rural demand and price hikes taken across product categories.

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The just-concluded quarter witnessed a sustained slowdown in urban consumption owing to elevated inflation and lower job opportunities, while rural growth has outpaced urban growth.

The international business revenue growth is expected to be moderate due to the currency depreciation, the financial services firm said in a report.

Revenues of companies that are tracked by Mirae Asset Sharekhan are expected to grow by 6 per cent year-on-year supported by price-led growth in most companies, while volume growth is likely to be in low single-digits.