FMCG cos see double-digit growth in June qtr

Leading FMCG companies in India are expecting their sales growth numbers in high double digit in the April-June quarter, a period when the broader market was severely impacted by the second wave of the Covid-19 pandemic.

FMCG companies such as Godrej Consumer Products Ltd (GCPL) and Marico, in their quarterly updates to bourses, informed about double-digit sales growth. While Tata Consumer Products Ltd (TCPL) MD and CEO Sunil D'Souza in an interview told PTI, the Tata Group FMCG firm expects higher growth in the Q1/FY22 over the Q4/FY21 GCPL on Monday said it expects sales in India to grow 'in high teens' in the first quarter ended June 30, while at a consolidated level also it is confident of delivering 'strong double-digit' sales growth. In its quarterly update for Q1 2021-22, the company said, "during the quarter, demand trends in our categories across the key countries we operate in, remained steady." In India, GCPL said, "we expect to deliver sales growth in high teens, driven by strong volume growth and calibrated price increases."

The Godrej group firm witnessed strong double-digit sales growth in its home care and personal care categories. While the home care was led by strong growth in household While Marico had last week said its domestic business has witnessed over 30 per cent growth in the April-June quarter helped by double-digit volume growth. The company is seeing "improving demand trends, as the second wave appears to be receding and the vaccination drive is progressing steadily," said Marico in its quarterly update for Q1 of FY2021-22.