Four months into “unlocking India”, consumer spending in discretionary and out-of-home (OOH) segment is bouncing back while the first signs of moderation for essentials are showing up.
Fast-moving consumer goods (FMCG) companies like ITC and Emami have seen a change in consumer trend during the September quarter over the April-June period when consumers were stocking up on staples or rushing to buy hand sanitisers to keep the Covid-19 pandemic at bay. Four months since then, the demand for essentials is still robust, but the frenzy is dying down; simultaneously, the discretionary segment – which was in the dumps – is