Consumer Sector Q4 Earnings Preview - Health, Hygiene Products To Drive The Show: KRChoksey
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KRChoksey Research Report
The Rs 4.3 trillion fast moving consumer goods market in India is expecting a revival in demand in the coming fiscal in line with the trends visible across Asia.
A year ago, India witnessed a nationwide lockdown which had adversely affected the consumer and FMCG sector resulting a 19% YoY de-growth.
Since then, the industry has witnessed a gradual pick-up in demand; the industry grew by 0.9% YoY in Q2 FY21 and 7.1% YoY in Q3 FY21, moreover the Q4 FY21 also looks promising with a likely mid-single to double digit growth.
However, the recent rise in Covid-19 cases remains a concern as some state governments are compelled to impose lockdown, this will impact the retail traders of the industry.
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