Key Points
The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year, market analytics firm NielsenIQ said, as inflation and price hikes eased..
The increase in product prices slowed to 6.9% from January to March, from 7.9% in the previous quarter, helping consumption in rural India increase 0.3%, after six quarters of decline, NielsenIQ said in a report on Wednesday..
Several Indian consumer goods makers, including Parachute hair oil manufacturer Marico, Fortune cooking oil seller Adani Wilmar and Dove soapmaker Hindustan Unilever have cut prices as commodity costs come off their highs...
Consumer goods makers have, so far, reported mixed earnings for the March quarter: toothpaste maker Dabur India posted shrinking margins, while Pepsi-bottler Varun Beverages recorded profit growth..
Meanwhile, a Reuters poll of economists found Indias consumer inflation likely cooled to an 18-month low in April as fuel prices moderated, potentially setting up consumer goods makers for sales gains in the April-June quarter..
You might be interested in
'India's rural consumer goods consumption back to growth in Q1'
10, May, 23India Business News: Rural India experienced growth in consumer goods consumption for the first time in over a year during Q1 2021, according to market analytics firm Niel
India's consumer goods growth hits 1-1/2-year high on rural revival- NielsenIQ
10, Aug, 23The consumer goods industry in the world's most populous country clocked its fastest growth in a year and a half in the April-June quarter, as softening inflation drove demand even in the hinterlands, according to a report published on Thursday.
Subdued growth in household consumption & rural sales but companies optimistic of gradual pick-up
23, Feb, 24Data in light of Advance GDP Estimates presents mixed picture of sales of passenger vehicles, improvement in indices capturing primary, capital & intermediate goods production.
Untimely rains dilute summer consumer sales
04, Jul, 23Sales of daily essentials and electrical goods declined in the June quarter in India due to unseasonal rains and consumer spending cuts. The fast-moving consumer goods (FMCG) market fell 5%, with the beverages category dropping 28%. Neeraj Khatri, CEO of Wipro Consumer Care, stated that despite improved margins and volume growth, overall growth was still muted, particularly in rural areas.
Pvt consumption growth marginally up in March qtr
01, Jun, 23India Business News: The latest full year number of 7.
Appetite for growth: Big FMCG bite gives teeth to India's revival recipe
02, Nov, 23Marico, maker of Parachute and Saffola oils, said the second quarter started on a positive note - with increasing demand trends in rural and urban areas in July - but saw a noticeable drop in overall sentiment, especially in rural areas, during August and early September.
Rural India is spending more after several quarters. Here’s why
07, Nov, 23Improved spending in rural India gave a significant boost to the consumer goods sector in the July-September quarter.
Indian consumer goods sector sees 9% growth on rural revival - NielsenIQ
07, Nov, 23India's consumer goods sector clocked a 9% growth in value in the July-September quarter as spending power improved in the hinterlands, according to a report by NielsenIQ on Tuesday.
As shopping spree slows, ecommerce not clicking as it did
11, May, 23Consulting and market research firm 1Lattice said it estimated 35% growth for ecommerce in FY23, but that the six months to March have seen a “considerable” slowdown.
Auto sales point to distress in rural India even before El Nino arrives
04, Apr, 23Two-wheeler sales in FY23 fell to a seven-year low and tractors saw the slowest growth pace among all peers, reflecting inflations adverse impacts on rural India. Select segments like two-wheelers and tractors will be key monitorable in the coming months, with the IMD predicting above-normal temperatures from April to June across most parts of India, except northwest and peninsular regions.