FMCG companies get strength from margins from September quarter, hope of return to rural sector

FMCG Companies Expect Margin Improvement: The country’s FMCG sector has seen some improvement in the third quarter of the current financial year 2022-23. It is being told that with the improvement in the margins of the third quarter, the hope of a comeback from the rural market has arisen. Now the FMCG sector is expected to improve with the onset of the festive season and good monsoon and harvesting in rural areas.

price based growth
FMCG companies have registered value based growth in their sales in the September quarter of the current financial year. In some categories, FMCG companies like Britannia, Dabur and Nestle have also registered growth in sales.

what did marico say
In its financial results for the last quarter, India’s multinational consumer goods company Marico Limited said that, “The FMCG sector saw a decline in sales for the fourth consecutive quarter due to stable retail inflation. It was the same as the previous quarter and there was a slight improvement in the last month of the quarter itself.”

Gross Margin Improvement
The company sells products under brands like Parachute, Saffola and Hair & Care. This company said that the gross margin should improve on a quarterly basis during the third quarter of the current financial year.

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Marico’s profits fall
Domestic company Marico’s annualized profit declined. While the company’s income has increased on a yearly basis. In the September quarter of FY 2022-23, Marico’s profit declined year-on-year to Rs 307 crore as against Rs 316 crore in the same quarter of the previous financial year. While the company’s profit in September was estimated to be Rs 319 crore. This company provides products and services in health, beauty and wellness.

what did britannia say
On the cost and profitability front, Britannia, which posted its highest quarterly revenue in the second quarter, said rising inflation in flour and milk products has seen a rise in commodity prices.

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