Consumer Sector Q2 Earnings Preview - Health, Hygiene Products To Drive The Show: KRChoksey
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KRChoksey Research Report
The Indian fast moving consumer goods industry has recovered sharply after several states eased the lockdown restrictions as the second wave of Covid-19 slowed down in the month of June 2021.
The sharp recovery during the quarter has helped the FMCG industry to compensate the loss of sales and supply disruptions experienced in Q1 FY22.
The FMCG sector is expected to witness double-digit revenue growth, which will be driven by price hikes (in the range of 4-5%), effected across product categories, to off set the impact of the raw material price increase.
As the lockdown restrictions eased, the count of active kirana stores increased to ~30% as there was a surge in rural demand.
While the second wave benefited hygiene and in-home consumption, during Q2 FY22 there has been a recovery in the demand for out-of-home categories; the hotels and restaurants segments have also witnessed signs of recovery.
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