Packaged food & beverage firms see uptick in sales in Oct-Dec 2017

The period was marked by an improvement in performance; Britannia is widening its distribution network through a focus on direct reach

Some of the country’s top food and beverage companies appear to be putting the rough sales patch behind them as consumer spending kicks in. For the October-December 2017 period, companies, such as Nestlé India, Britannia, Varun Beverages, GlaxoSmithKline Consumer Healthcare, Heritage Foods, Parag Milk Foods, and Manpasand Beverages, reported good top line numbers. 

The good run is likely to continue in the coming quarters.

Net sales growth for these firms hovered between 13% and 39% for the period under review, the highest in four quarters. Analysts said top line growth in this period was high because of a lower base