FMCG growth slows in December quarter on GST transition
FMCG volume growth in India slowed to 2.6% in the December quarter, down from 6.2% a year prior, due to disruptions at kirana stores caused by the GST transition. While value growth also declined, analysts anticipate a consumption recovery from the March quarter as the impact of tax cuts becomes more apparent.
FMCG volume growth in India slowed to 2.6% in the December quarter, down from 6.2% a year prior, due to disruptions at kirana stores caused by the GST transition. While value growth also declined, analysts anticipate a consumption recovery from the March quarter as the impact of tax cuts becomes more apparent.
