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FMCG rural demand drops in November
Business Standard
|December 03, 2022
Rural demand for fast-moving consumer goods (FMCG) in November dropped because of a loss of momentum after the festival season.
Urban demand too has been affected, but the fall in rural consumption has been steeper on a month-on-month basis.
Demand in rural areas was down 17 per cent in November over October and urban demand decreased 10.1 per cent, according to the data by Bizom, a retail intelligence platform.
Overall, India's FMCG sales declined 15.3 per cent while they were down 2.7 per cent on an annual basis.
"FMCG sales have dropped month-onmonth in November as stocking at kiranas has fallen significantly. Year-on-year sales also remain muted because consumption has slowed after the festivals," Akshay D'Souza, chief of growth and insights at Bizom, told Business Standard.
Cette histoire est tirée de l'édition December 03, 2022 de Business Standard.
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