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FMCG Sector Reported 7.3% Growth in December Quarter of 2020

Apr, 2021 - By WMR

FMCG Sector Reported 7.3% Growth in December Quarter of 2020

Nielsen cited data from September to December, 2020 to say that Fast-Moving Consumer Goods increased for four months in a row. The increase in value increased from 2.7% in September to 9.1% in December.

Soaps, hair oils, packaged foods, and cleaners sold quickly, allowing India's fast-moving consumer goods market to rise by 7.3% in the fourth quarter of 2020 marked by COVID disturbances and uneven demand patterns. According to NielsenIQ's Retail Intelligence team's Q4 FMCG Snapshot, which was released, normalcy in economic activity, festive-driven purchasing, and a solid performance in India's villages led to fast-moving consumer goods volumes climbing 5% during the quarter (within conventional and modern trade). The FMCG sector has recorded the highest volume and value growth in the year 2020. Nielsen has a follows a calendar year.

Worth development in 2020, then again, is required to moderate by 2%, as anticipated by the economic scientist prior in the year. In view of the sharp deals constriction in the June quarter, Nielsen anticipated a - 1 to - 3% decrease in FMCG deals in 2020. Nielsen heads are idealistic about the current year's ascent, however they declined to share forecasts for 2021, referring to the infection's neighborhood and worldwide vulnerability.

After two quarters of decline, India's large cities (over a million people) returned to positive growth territory in the December quarter, with a 0.8% year-on-year rise, according to Nielsen.

Standard trade (kiranas) increased by 8% in the third quarter, improving sequentially. Meanwhile, modern trade revenues, which account for 8.8% of FMCG sales, recovered from a 15% drop in the September quarter to a -2% drop in the December quarter. “The home and personal care basket experienced a consumption-led recovery (5% volume growth year over year), while food categories saw a 10% rise, owing to increased consumption and price increases in some food baskets.

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