FMCG companies also expect volume decline to continue in the rural side but see some stabilisation in the business and recovery in demand, starting from the third quarter of FY23
The market has been on a roller-coaster ride since April 11 - first dropping as much as 10 per cent to 15,924 on June 17 and then climbing 11 per cent
HUL reported volume growth of 6 per cent YoY in the June quarter
In July, they were net-buyers after nine consecutive months of selling
Customers buying smaller packs as both traditional kirana shops and modern supermarkets clock business: NielsenIQ
The Reserve Bank of India's MPC is likely to announce a repo rate hike of 35-50 basis points in its policy statement on August 5, a Business Standard poll showed
According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12
In 2022 an all-time high number of temporary jobs ranging from 5,00,000-5,50,000 is expected to be created during the festive season
"Of our three priority markets, the USA and India again grew strongly, while sales in China were affected by the lockdowns in the second quarter," said Unilever CEO Alan Jope.
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ITC launched 110 products in FY22 to mark its capacity for innovation, he says
High commodity prices forced the India unit of Unilever to raise prices across its main segments, including household care, skin and hair cleansing products, in the quarter ended June
'During the quarter, our turnover grew 19% with underlying volume growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares,' says the FMCG major
Better capital allocation and valuation make it a preferred choice amid a volatile environment
Tata Steel, Power Grid, HCL Technologies, Wipro, Dr Reddy's and Axis Bank were the laggards
There has been a double-digit year-on-year increase in the prices of most spices, with branded coriander costing 16.9 per cent more in June this year than a year ago
'Foreign institutional investment (FII) is expected to reverse when these macro headwinds stabilise for a few months'
The second of a four-part series focuses on how food companies are yet to pass on the benefit of the decline in input prices to consumers
Commentary to watch out for from consumer companies includes rural demand, overall demand impact due to high commodity costs, and volume growth
Rural demand another reason for buoyant sentiment towards FMCG stocks