Can India’s FMCG sector report good earnings anymore?
Varun Lohchab, Manish Poddar and Premal Kamdar of Religare Institutional Research, in a report dated July 4, said, “Our industry interactions suggest that rural demand is tepid and even in the event of a good monsoon season, growth would have a lagged impact, possibly reflecting only in FY18. As against street expectations, we do not build in any meaningful growth in volumes for FY17.”
India's FMCG sector has been on a slow path for the few past quarters. Photo : Pixabay