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IIFL Securities, in its preview note on FMCG companies, has said it expects aggregate volume growth of 4 per cent year-on-year (YoY)
Even as commodity prices have come off their peaks, fast-moving consumer goods (FMCG) companies are expected to witness lower revenue growth at a time when companies have resorted to price cuts to pass on the benefits to consumers in the April-June quarter.
Volume growth is expected to remain steady as rural demand continues to remain under pressure for some companies in the quarter. Pre-quarterly commentary from FMCG companies on rural areas remained mixed. However, they said that they witnessed steady demand in the quarter.
First Published: Jul 10 2023 | 9:02 PM IST
