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FMCG records 8.6% volume growth on easing inflation
Financial Express Mumbai
|November 08, 2023
INDIA'S FAST-MOVING consumer goods (FMCG) market reported a 9% year-on-year jump in September 2023 quarter sales and an 8.6% rise in volumes for the period, market research agency NielsenIQ (NIQ), said on Tuesday, led by urban markets
Rural markets, despite showing indications of progress, still have a long way to go before fully recovering, according to the market research firm in its quarterly market analysis.
A closer look at the data shows that the overall FMCG value growth for the three months ended September 2023 has slowed when compared to the March 2023 quarter (10.2%) and June quarter (12.2%) each, thanks in part to a flat price-led growth (0.3%) reported during the period. In the March and June 2023 quarters, price growth was 6.9% and 4.4% each for the sector. Volume growth has increased from 3.1% in the March quarter to 7.5% in the June quarter.
Diese Geschichte stammt aus der November 08, 2023-Ausgabe von Financial Express Mumbai.
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