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Business is booming in Ayodhya's kirana stores, Retail News, ET Retail

Kirana stores in Ayodhya have stocked up 32% more products compared to last year, anticipating increased demand from the Ram temple inauguration. In contrast, orders placed by mom-and-pop stores with FMCG companies in India remained flat. The inventory of summer products like beverages has increased by 60%, while chocolates, packaged food, and branded commodities have gone up by 23-52%. UP is the largest market for FMCG companies, and Ayodhya has the potential for growth similar to Tirupati. The demand is expected to be driven by tourists and devotees.

Varanasi , Uttar-pradesh , India , Lucknow , Ayodhya , Tirupati , Andhra-pradesh , Gorakhpur , Akshay-dsouza , Mohit-malhotra , Pran-pratishta , Dabur

Business is booming in Ayodhya's kirana stores

Kirana stores in Ayodhya have stocked up 32% more products compared to last year, anticipating increased demand from the Ram temple inauguration. In contrast, orders placed by mom-and-pop stores with FMCG companies in India remained flat. The inventory of summer products like beverages has increased by 60%, while chocolates, packaged food, and branded commodities have gone up by 23-52%. UP is the largest market for FMCG companies, and Ayodhya has the potential for growth similar to Tirupati. The demand is expected to be driven by tourists and devotees.

Ayodhya , Uttar-pradesh , India , Varanasi , Tirupati , Andhra-pradesh , Gorakhpur , Lucknow , Pran-pratishta , Mohit-malhotra , Akshay-dsouza , Dabur

consumer baskets: Value growth hit in 2023, volumes fill consumer baskets

For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores.

Bihar , India , Uttar-pradesh , Adani-wilmar , Mayank-shah , Saugata-gupta , Tarun-pathak , Kamal-nandi , Akshay-dsouza , Dabur , Counterpoint-research , Godrej-consumer

Value growth hit in 2023, volumes fill consumer baskets, Retail News, ET Retail

Consumer Baskets: For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores.

Uttar-pradesh , India , Bihar , Kamal-nandi , Tarun-pathak , Saugata-gupta , Adani-wilmar , Akshay-dsouza , Mayank-shah , Dabur , Counterpoint-research , Representative-image

Indians Back To Spending At Pre-Covid Levels, But...

Lower income groups earning less than Rs 100,000 a year are yet to recover as are those earning between Rs 100,000 and Rs 200,000.

Karnataka , India , New-delhi , Delhi , Sarojini-nagar , Mayank-shah , Akshay-dsouza , Centre-for-monitoring-indian-economy , Monitoring-indian-economy , Consumer-sentiments , Parle-products , Business-news

Weak rural demand to mar Dec quarter for FMCG firms

Volume growth in rural markets is likely to be either flat or may see a minor dip year-on-year, lagging volumes in urban markets

India , Hindustan , India-general- , Akshay-dsouza , Karan-taurani , Sameer-khetarpal , Abneesh-roy , Bloomberg , Dabur , Nuvama-institutional-equities , Hindustan-unilever , Dabur-india

FMCG: FMCG companies eye demand recovery as prices cool

FMCG companies are looking to put a tough year behind and are expecting consumer demand to improve in the New Year. Industry experts said that price r

Mumbai , Maharashtra , India , Akshay-dsouza , Saugata-gupta , Akshayd-souza , Sensex , Prices-cool , Price-reductions , Industry , Food-inflation

Inflation still persists in FMCG segments, companies expect volume recovery by next fiscal led by price cuts, ET Retail

FMCG: Prices of edible oils, which experienced significant inflation after the COVID-19 pandemic, have declined by 13-30% over the past year. However, prices of daily groceries and household products, including rice, soaps, and detergents, have seen marginal increases in 2022, according to a report by Bizom.

Boston , Massachusetts , United-states , India , Ukraine , Russia , Akshay-dsouza , Mayank-shah , Saugata-gupta , Hein-schumacher , Unilever , Boston-consulting-group

FMCG: Inflation still persists in FMCG segments, companies expect volume recovery by next fiscal led by price cuts

Prices of edible oils, which experienced significant inflation after the COVID-19 pandemic, have declined by 13-30% over the past year. However, prices of daily groceries and household products, including rice, soaps, and detergents, have seen marginal increases in 2022, according to a report by Bizom.

Ukraine , India , Boston , Massachusetts , United-states , Russia , Mayank-shah , Akshay-dsouza , Hein-schumacher , Saugata-gupta , Unilever , Boston-consulting-group

Pre-Diwali orders still on shelves, kiranas cut back on fresh orders with FMCG companies, ET Retail

FMCG companies had indicated that consistent decline in rural markets had halted in the September quarter but deficient rains, followed by a spike in food prices affected the second part of the quarter. Sales in villages fell 9.6% year-on-year in November, more than the 3.5% decline in cities, said Bizom, which expects rural consumption rebound to take slightly longer.

India , Akshay-dsouza , Sushil-kumar-bajpai , Karva-chauth , Representative-image , Representative-imagekiranas , Akshayd-souza , Mobisy-technologies , Durga-puja , Rspl-group , Ut-back