FMCGs say Q1 growth to remain dull on subdued consumption, liquidity crunch

Some of the country’s leading consumer goods companies have indicated in the just-released quarterly updates that the demand environment remains sluggish in the April-June period.

The statements come after the sector saw its worst slowdown in two years in the March quarter. Many were hoping for a revival in sentiment following the general elections, but that isn’t the case as Godrej Consumer (GCPL) and Marico on Wednesday said demand conditions were challenging in Q1, impacted by a general consumption slowdown. 

Last week, Dabur had said it had not seen signs of the slowdown abate yet, as the liquidity crunch in