Despite consumption slowdown, packaged food sector grows 14.4%: IIP data

Branded packaged food market expanded 17.6% in calendar year 2018 to cross the Rs 5-trillion-mark for the first time

Viveat Susan Pinto & Arnab Dutta | Mumbai | New Delhi
Last Updated at October 25, 2019 22:01 IST

Retail sales numbers, sourced from the industry, shows that the packaged food market grew by close to 11% between April and August this year

Consumption slowdown appears to have not impacted the packaged food market like it has other segments of the fast-moving consumer goods (FMCG) sector. The latest data from the Index of Industrial Production (IIP), which maps the country’s manufacturing activity, shows growth of 14.4 per cent between April and August this year in the manufacture of food products versus the same period last year.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

MONTHLY

₹ 249

Select

ANNUAL

₹ 1799

Select

Best Offer

SMART ANNUAL

₹ 1499

₹ 1799

Opt for auto renewal and save Rs 300

Select

What you get on Business Standard Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Pick your 5 favourite companies, get a daily email with all news updates on them.
26 years of website archives.
Preferential invites to Business Standard events.