Early reports from companies point to sluggish market
The FMCG market very much remains in the doldrums, going by the updates from three FMCG biggies –Dabur India, Godrej Consumer Products and Marico. Their early trading updates are useful to get a preview of the market and what to expect from their results in the quarter gone by as well.
Sluggish, subdued and consistent with trends of past quarters is how they described the FMCG market’s state during the March quarter. Of course, there was some commentary