Marico, Godrej Consumer Q4 updates paint gloomy consumption picture
Going ahead, easing of supply-chain issues owing to the lockdown and demand recovery remain crucial for the FMCG sector as a whole
To be sure, demand for discretionary products may take longer to revive
Even before the fight against covid-19 intensified in the March quarter leading to a lockdown in India, many fast-moving consumer goods (FMCG) firms were facing demand blues. Marico Ltd’s and Godrej Consumer Products Ltd’s (GCPL’s) Q4 FY20 updates show that the lockdown has made things worse. The updates also point to a stark difference in the performance of the two companies, which is likely to do with their different product portfolios.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started