Rural demand lifts FMCG sector to 5.7% growth in July-Sept: NielsenIQ

Quick Summary:

Giants grow slowest in terms of value growth; and volume growth drops compared to AMJ’24 (April-May-June),” said NielsenIQ.

Small manufacturers recovered from the consumption decline of the last 3 quarters & grew faster than giants this is led by sharp recovery in volume growth in food for small players.

Urban demand came in at 2.8 per cent while rural demand increased to 6 per cent from 5.2 per cent in the April-June quarter.

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Category: BusinessFinance

Markets: IndiaMali

Topics: Packaged food consumption Traditional trade volumes FMCG industry Rural market trends Rural FMCG growth FMCG demand recovery NielsenIQ report Large players FMCG growth FMCG sector FMCG Q3 2024 Crude palm oil prices Modern trade growth Indian FMCG sector Household products growth Urban FMCG demand Hindustan Unilever Small manufacturers Urban market trends NielsenIQ analysis

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Article Type: News Report

Published On: 2024-11-07 @ 11:17:49 (2 weeks ago)

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News Source URL: business-standard.com

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