Indian consumer goods sector slows; rural shows recovery signs: NielsenIQ
Tue, Feb 6, 2024 12:58 PM

Indian consumer goods sector slows; rural shows recovery signs: NielsenIQ

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The Indian consumer goods sector saw slower sales growth in the fourth quarter of 2023, with rural areas showing an uptick, while urban areas remained strong. Price pressures and lower spending affected sales at mom-and-pop stores, but "habit-forming" products like biscuits thrived due to price cuts. Major companies have reported mixed results, with Dabur India seeing higher growth in rural areas.

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