FMCG companies released quarterly figures, single digit growth expected, action will be seen in shares of companies today
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daily consumption goods (FMCGLeading manufacturing companies are expecting single digit growth on an annual basis in the October-December quarter. Consumer demand has improved on a quarterly basis, due to which FMCG companies expect low to mid-single digit growth in October-December. Releasing their quarterly data, major listed companies like Dabur, Marico and Godrej Consumer Products have said that consumer demand in the rural market has been low, although the urban market remained stable in the third quarter. Companies are optimistic about a gradual growth as there are early signs of recovery in consumption along with an improving trend in volumes. Additionally, manufacturers are also expected to expand gross margins on an annual basis. Reduction in inflation will help in this. Prices of key commodities like copra and edible oil remain at low levels. From this FMCG This will help the manufacturers to raise more money for advertising and promotion.
Marico, the parent company of brands like Saffola, Parachute, Hair & Care, Nihar and Livon, said that there were few good signals from the rural market in the December quarter. However, it remains optimistic about a gradual increase in consumption trends in 2024 due to improving macroeconomic indicators, continued government spending, favorable consumer pricing across sectors and other factors. Dabur India expects its consolidated revenue to register “mid to high single-digit growth” during the third quarter of the current financial year. Rural India contributes about 35 to 38 percent of FMCG sales in the country.
The domestic FMCG manufacturer with brands including Dabur Chyawanprash, Dabur Honey, Dabur Pudin Hara, Dabur Amla, Real and Vatika said value growth remained slow due to increase in prices in the base year. The main contribution to the growth in the December quarter was volume. Similarly, Godrej Consumer Products Ltd (GCPL) said it is expecting single-digit growth on a consolidated basis in the December quarter. Even in the international market, Indian FMCG companies are expecting single digit growth on constant currency basis.
,with language input,
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