FMCG makers expect sustained recovery in volume and margins with price reduction in FY24
India's Fast-moving consumer goods (FMCG) sector has reportedly resumed its normal growth cycle, buoyed by volume growth, margin improvement, and recovery in rural sales. FMCG firms including Dabur, Godrej Consumer Products, Hindustan Unilever, ITC, Marico, Nestle, and Tata Consumer Products reported volume recovery and anticipate gradual consumption pick-up in 2023.
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