India's Rs 4.3-trillion fast-moving consumer goods (FMCG) market is showing signs of weakness after bouncing back to pre-Covid sales levels in June. The data shared by market research agency Nielsen on Friday showed that FMCG sales in August were below pre-Covid levels as consumers reset their priorities amid economic uncertainty.
This is significant because Nielsen had earlier pointed to a recovery in the second half of 2020, which the agency now admits will be "restrained".
"After the lockdown months of April and May, there was pent-up demand among consumers, which resulted in a spurt in sales in June
This is significant because Nielsen had earlier pointed to a recovery in the second half of 2020, which the agency now admits will be "restrained".
"After the lockdown months of April and May, there was pent-up demand among consumers, which resulted in a spurt in sales in June