Industrial goods producers are anticipated to see a minor increase in production due to “steady” demand patterns throughout the latter half of the current fiscal year’s second quarter.
Experts at Elara Securities note that the demand for FMCG (Fast-Moving Consumer Goods) products stayed constant, as rural expansion outpaced urban areas for the third straight quarter, even though the foundation was on strong ground.
At the start, the demand was rather feeble, but it picked up towards the end of the quarter, they noted.
Experts at the brokerage, which follows companies such as Hindustan Unilever, Nestle, Dabur, Marico, and Britannia, among others, indicated that organizations are anticipated to “achieve a 5.7 percent annual increase in revenue and a 5.5 percent increase in sales volume.”