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ICICI Securities Report
Overall revenues have recovered to pre-Covid-19 level due to increased demand of health, hygiene and food products, but personal care has not fully recovered yet with full range of products still not available to distributors - that's the insight from our conversations with distributors in Maharashtra and West Bengal.
They further told us,
- rebranding of Fair and Lovely to Glow and Lovely has not impacted sales much,
- there is an increase in distributor’s bad debts due to permanent closure of few retail stores,
- price hike of approximately 8% in tea products and
- Nutrition business products have some supply constraints.
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