Mumbai, 10 April Skymet's prediction of a good monsoon in India this year has given fast-moving consumer goods (FMCG) companies reason to cheer, as they expect a better 2024-25 (FY25) compared to the previous financial year (2023-24, or FY24).
The sector is already witnessing an uptick in rural demand, which lagged through most of last year due to rainfall impacts, affecting rural demand.
NielsenIQ stated that the industry had grown by 6.4 per cent in volume in the October-December quarter, driven by positive consumption nationwide.
The research firm noted that the value growth of the industry stood at 6 per cent in the quarter. However, there has been a moderation in consumption growth within the FMCG sector compared to sequential quarters across the country.
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