Consumer companies are back with a bang, best-ever July for several
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Inflation and fuel price hikes have had no impact on consumption, as overall household expenditure has come down due to restricted mobility and few other avenues to spend, said Godrej Appliances business head Kamal Nandi, who is also president of the Consumer Electronics and Appliances Manufacturers Association.
On a sequential basis, sales this July expanded in healthy double digits from June.
From groceries to refrigerators, smartphones and cars, sales of essential goods and discretionary products bounced back sharply last month, with several manufacturers reporting their best-ever July numbers this year.
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