Unfazed by competition from Reliance, expect broad-based growth in FY24; says GCPL
It has priced them 30 to 35 per cent lesser.Over the domestic FMCG industry, Shah said he expects a gradual recovery in FY24 and broad-based growth for GCPL ahead of the industry.We do expect for the FMCG sector, a continuation of gradual recovery, especially in the rural one during the course of the year because of the easing inflation, especially in the commodities, We expect price drops and better volume, he said.Besides FY24 would be an election year, and Shah expects social welfare spending would go up.
Source: devdiscourse.com