"We're seeing consumption trends to be broadly up, driving our optimism," said Gautam Kamath, the company's vice-president of finance. "However, retail inflation for the months of July and August have averaged 7% and August rainfall has shown an 11% negative deviation from the norm, driving the caution part of it. On anecdotal evidence, September rainfall appears to have bounced back and may have a big say in how the rest of the year pans out," Kamath said at a virtual meet with analysts on Friday.
The company highlighted "visible signs of green shoots" in the rural economy, adding concerns remain around a patchy monsoon, though the broader trend is "very encouraging".
Commodity prices have remained high with little signs of easing, the management said. Among the top three commodities used by the company, prices of two remain much higher in the current fiscal compared to FY21, Kamath said, without identifying them.
Bu hikaye Mint Mumbai dergisinin September 23, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin September 23, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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