India's FMCG sector experienced resilience and growth in Q1FY25, with rural markets equalling or surpassing urban growth.

India's FMCG sector displayed resilience and growth in Q1FY25, with a sustained rural demand recovery and mid to high single-digit revenue growth. Rural markets matched and exceeded urban growth due to increased government spending, a favorable monsoon, and a robust festive season. The medium-term outlook for the FMCG sector remains positive, with expectations of improved returns driven by domestic consumption, despite challenges such as volatile raw material prices and increased competition.

August 21, 2024
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