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FMCG industry bounces back with 7.3% growth in October-December Top Searches FMCG industry bounces back with 7.3% growth in October-December John Sarkar / TNN / Feb 16, 2021, 21:55 IST FacebookTwitterLinkedinEMail (Representative image) NEW DELHI: Marking a gradual return to normalcy, India’s fast moving consumer goods (FMCG) industry bounced back with a growth of 7.3% in the October-December quarter on the back of festive buying, strong rural demand and a recovery in economic activity, showed a latest study. This is the highest volume and value growth witnessed by the industry in 2020, during which businesses across India bore the brunt of Covid-related lockdowns. “With the Covid fears receding and mobility improving, we reported a stellar performance during the third quarter of 2020-21 (October-December) with strong revenue and profit growth,” said Mohit Malhotra, CEO at Dabur India. ....
Companies including Hindustan Unilever, Marico, Britannia and Parle said reverse migration along with govt initiatives boosted rural income but urban centres growth is still either below pre-Covid level or significantly below hinterlands. ....