Revenue of the fast moving consumer goods (FMCG) sector is expected to grow 7-9% in 2023-24, slightly slower than the 8-9% clip of the past two fiscal years, even as volume growth is set for a rebound on rural demand, as per Crisil. After subdued volume growth in the past two fiscals at 1-3%, the sector is likely to record a 4-6% volume expansion this fiscal, supported by gradual recovery in rural demand, and steady urban demand. Product realisations are expected to be range-bound – even moderating in a few categories – this fiscal because of price cuts in certain products where raw material prices have moderated, as per the rating agency. Revenue growth in the past two fiscals was driven by higher realisations. (ICE NEW DELHI)

Fonte notizia: The Economic Times