Analysts suggest that while this does not signify a slowdown, it indicates a moderation in consumption, likely influenced by severe heatwave conditions prevailing in the country during May
Demonetisation, GST implementation, Covid caused a slowdown: Nomura
Indian economy grew 8.4% in the October-December quarter, marking its fastest pace in one-and-a-half years, led by robust manufacturing and construction activity
Regular updates will better inform policy
As far as demand is concerned, Pande believes that it is cyclical and demand will revive for the QSR industry
The round will provide partial exits to initial investors Indian Angel Network and Lighthouse Funds. Daryani also mentioned that about Rs 180-190 crore was for the primary funding of the business
Momentum may not sustain into next year; policymakers should stay vigilant and build buffers
Non-essential spending has increased more in non-metro segment as incomes rise
According to the management, with a little negative impact from beverage portfolio, mid-single volume growth should be possible in the near term in the India business
RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics
The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said
Brokerages expect double digit earnings growth over the next three years
PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago
Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ
On December 22, 1992, the United Nations General Assembly (UNGA) passed a resolution designating October 17 as the International Day for the Eradication of Poverty
The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand
Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes
India's per capita gross domestic product (GDP) rose from less than $100 in 1960 to over $2,200 in 2021
The top 20 per cent of upper-income consumers will help recover the near-term consumption demand, as per a report
Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival