Staples pack revenues grew 16% yoy (organic) and +7% on a two-year CAGR basis, Kotak Institutional Equities analysts said in a report
Indian consumer staples companies put up a good show for the quarter ended June on the revenue front. A favourable base helped, as the relatively stringent pandemic restrictions last year had weighed heavily on demand in Q1FY21. Companies also used their learnings from the previous year’s lockdown to minimize disruptions in production and supply chain this time around. What’s more, rural demand was strong despite being adversely impacted. A combination of these factors boosted their revenue growth.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.