FMCG Q3 Results Preview- Muted Demand Conditions Continue: KRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Report.A meaningful pick up in demand remains elusive:Demand trends for the fast-moving consumer goods sector broadly remained steady on a QoQ basis indicating lack of significant demand uptick. India’s consumer price index has moderated from the peak of 7.44% seen in July 2023 to 5.55% in November 2023.Consumer price index-food which peaked in July 2023 at 11.51%, moderated to 6.61% in October 2023, but again inched up to 8.70% in November 2023. While the inflation continues to moderate, it is yet to be translated to a meaningful demand uptick, especially in rural markets.While October 2023 saw some uptick in sales due to festive stocking, November 2023 was under pressure due to the higher inventory levels. Overall, the anticipation that the festive season would be strong is not expected to materialize favorably in Q3 FY24E..Click on the attachment to read the full report:.Infosys Q3 Results Review - Macro Uncertainty Tightens Guidance; Margins Efforts Notable: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

FMCG Q3 Results Preview- Muted Demand Conditions Continue: KRChoksey

Volume growth to remain subdued while pricing growth has moderated

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FMCG Q3 Results Preview- Muted Demand Conditions Continue: KRChoksey

Volume growth to remain subdued while pricing growth has moderated

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