FMCG firms staring at muted revenue growth amid inflation?
A report stated that sluggish rural demand combined with higher inflation are likely to muffle revenue growth for the fast-moving consumer good sector (FMCG) at 7-9% this fiscal compared to 8.5 percent in the previous fiscal. About 40% of the Rs.4.7-lakh crore sector comes from the hinterlands, which have been affected by high inflation, low wages, and high job … Read more