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.
Diese Geschichte stammt aus der April 11, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 11, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Japan's stock market dawn: The new Land of Rising Equities
CLEAR SKIES AHEAD: Chris Wood of Jefferies spots promise in its bank stock breakout
USA Inc: Woke vs greed
It's been 14 years since Goldman Sachs was vilified as a \"vampire squid\" by Matt Taibbi in Rolling Stone.
Jobs, cronyism, and welfare
A lacklustre campaign throws up some differences in economic strategy ore than 10 days remain in this general election campaign, and it is fair to assume that few new issues will be raised in the time that remains.
Economy: From Modi 1.5 to Modi 3.0
As we get closer to the final stages of the 2024 general election, we are being told that plans for Modi 3.0 are ready.
Didi co-founder steps down after a decade
Didi Global Inc President Jean Liu is relinquishing her roles as president and board director of China's ridehailing giant after almost a decade in the positions, as the company tries to revive growth following a regulatory crackdown by the government.
BlackRock sans Fink? Shareholders fret about future
Laurence D. Fink built BlackRock into the world's largest asset manager with a steely grip, a thick skin and a cleareyed vision of what the company could become.
Are those mimes spying on us? In Pakistan, it's not a strange question
The street performers first appeared a few years ago along busy intersections of Islamabad.
Suspense after Iranian prez copter makes hard landing
Raisi, along with FM Amirabdollahian, was travelling in Iran's East Azerbaijan province
India's Cloud spend has a lot of catching up to do
India's expenditure on Cloud is far behind the global average despite the country's push towards digitisation keeping pace with technologies like artificial intelligence.
'Have no immediate requirement to be a universal bank'
Suryoday Small Finance Bank (SFB) MD & CEO BASKAR BABU RAMACHANDRAN tells Manojit Saha in an interview in Mumbai that it will take at least two years before the SFB considers becoming a universal bank. Edited excerpts:
