“I am cautiously optimistic on how Diwali demand pans out,” said Mayank Shah, vice president at Parle Products. Typically, shopping picks up momentum two to three days before Diwali, according to Shah. “It is too early to say anything at this point.”
He explained that while there was a 6-7 per cent increase in volume compared to last year in the first few days of the month which coincided with festivals, a large part of the demand is yet to hit the market.
The recent festivals witnessed some revival in demand across fast moving consumer goods (FMCG) and other segments, but the shadow of inventory pile-up remains.
Bu hikaye Business Standard dergisinin October 17, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin October 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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