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India FMCG stacks to move slowly in Sept quarter

Sales growth for fast-moving consumer goods (FMCG) companies is likely to remain muted in the September quarter, as consumers remain unwilling to increase spending.

 

In Sectors

India FMCG stacks to move slowly in Sept quarter

Sales growth for fast-moving consumer goods (FMCG) companies is likely to remain muted in the September quarter, as consumers remain unwilling to increase spending.

Mumbai-based research & analytics company ZyFin’s consumer outlook index for September, released on Tuesday, was at its lowest in a year at 39.1, down 1.4 points from August. “This indicates pessimism among consumers. Overall scores regarding spending continue to remain weak,” said Debopam Chaudhuri, vice-president, research, ZyFin.

While consumers remain a little optimistic about spending on vehicles, their outlook on spending for consumer goods, durables and non-durables, remains weak, Chaudhuri added.
 

 

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