Growth was slower than expected and inflation hit margins. The management said that the fast-moving consumer goods (FMCG) consumption in rural markets was resilient and continued to grow faster than in urban markets.
While activity in the general trade channel was muted, alternative channels like modern trade, e-commerce, and quick commerce delivered stronger growth.
While Home & Personal Care (HPC) is expected to grow in mid to high single digits in Q3FY25, health care is expected to be flat. Beverages will report muted performance - it is facing higher competition due to the rising presence of Campa Cola.
The culinary business under brands 'Hommade' and 'Badshah' may post strong double-digit growth. The international business is also expected to register double-digit growth in constant currency terms, with momentum in the Middle East and North Africa (MENA), Egypt, Bangladesh, and the US. Domestic volumes are likely to be flat year-on-year (Y-o-Y) due to pressure in the general trade channel.
This story is from the January 07, 2025 edition of Business Standard.
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This story is from the January 07, 2025 edition of Business Standard.
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