Fast-moving consumer goods (FMCG) manufacturers are likely to report a single-digit increase in volumes amid “stable” demand trends in the second quarter of the current financial year.
According to analysts at Elara Securities, demand for FMCG products remained stable, with rural growth outperforming urban growth for the third quarter in a row, albeit on a favorable basis.
Initially weak, demand picked up later in the quarter, she added.
Analysts at the brokerage, which tracks companies like Hindustan Unilever, Nestle, Dabur, Marico and Britannia, among others, said companies are expected to “report revenue and volume growth of 5.7 percent year-on-year (year-on-year) and 5.5 percent per year.”