35.6 C
Delhi
Wednesday, September 17, 2025

Sales of products like biscuits, soaps to go up by 11%

Date:

Share post:

Donate-GC-Razorpay

Inflation has not shown much of an effect on the FMCG sector, and during the current financial year, that is till March 2023, the sales of FMCG products is expected to increase by 7-9%, and the sales of the companies in the organized sector can increase more than this, that is up to 9-11%. In recent quarters, large companies in this sector have been rapidly capturing the unorganized sector.

Across the country, especially in urban areas, the demand of daily consumption goods (FMCG) like biscuits, soaps, and tooth pastes, is augmenting. In the meanwhile, FMCG companies have adopted an expansion strategy by acquiring several big and small brands. As per rating agency CRISIL, during the next financial year as well, the FMCG sector’s growth is expected to remain at 10%. CRISIL added that during the financial year 2021-22, FMCG companies in the organized sector had made sales of 4.7 lakh crore rupees in total, and in the current financial year, this number is expected to reach 5.12 lakh crore rupees, while inflation remains around 6%.

Anuj Sethi, Senior Director, CRISIL, said that during the last 12 months, inflation did not impact the demand of FMCG products in urban areas much, and therefore, the sales are good. But in rural areas, the demand is a little sluggish.

 

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

Related articles

Goa Is Not Falling, Goa Is Rising Differently – Go Goa 365 Days

Don’t fall for the negative stories about falling numbers of Goan tourists even though my good friend Tehseen...

TDB backs India’s first 240V electric motorcycle platform

New Delhi: Aligning with the government’s Aatmanirbhar Bharat mission, the Technology Development Board (TDB) under the Department of...

Ireland-India Economic Advisory Panel Launched in Dublin

In a significant effort to boost ties of trade, investment, entrepreneurship, and innovation between India and Ireland, a...

Microsoft seizes 338 websites to disrupt ongoing ‘RaccoonO365’ phishing service

New Delhi: Microsoft’s Digital Crimes Unit (DCU) has disrupted RaccoonO365 the fastest-growing tool used by cybercriminals to steal...