Subdued demand, especially in the urban sector, coupled with inflation, is likely to drag down the volumes of fast-moving consumer goods (FMCG) companies in the fourth quarter (Q4) of 2024-25 (FY25).
In its quarterly update, Dabur India, the maker of Hajmola candy and Réal fruit juices, said its India FMCG business is likely to decline to mid-single digits due to delayed and truncated winters and a slowdown in urban markets.
“As a result, Dabur’s consolidated revenue is expected to be flat during Q4,” the company said, adding, “Due to the impact of inflation, coupled with operating deleverage, we foresee Q4

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