FMCG growth slowdown in March quarter isn’t a temporary blip2 min read . Updated: 07 May 2019, 12:48 AM IST
- Management commentary of FMCG companies suggests the worst is far from over
- Insufficient income growth, low sentiment, liquidity crunch are culprits for growth slowdown
India’s famous consumption story is going awry. At least that’s what March quarter results of some large fast-moving consumer goods (FMCG) companies show. Volume growth numbers fell substantially for these companies, with Godrej Consumer Products Ltd (GCPL) reporting a mere 1% growth in the domestic branded business volumes. A bigger worry was the low-spirited management commentary, which suggests that the worst is far from over.
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