“Obviously there is a slowdown as far as FMCG is concerned. We are seeing a clear slowdown in rural. Despite us continuing to get deeper into rural areas, getting into more villages, etc, we have started to see the rural economy to splutter a bit. However, these are macro issues which companies like us cannot sort out," Varun Berry, executive vice-chairman and managing director, Britannia Industries Ltd, said during the company’s post earnings call on Thursday.
The company reported flat volume growth for the quarter gone-by.
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Denne historien er fra November 04, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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