“Rural FMCG growth overtakes urban after 5 quarters,” read the headline (Business Standard, May 8, 2024). It is well-known that branded FMCG products’ per capita consumption is significantly higher in urban India as compared to rural.
Logically, rural demand should grow at a higher pace than urban, unless there is wholesale rural distress. There is a cap on how much a consuming household can consume; you cannot possibly have three baths a day or brush your teeth five times a day (Colgate’s latest campaign is still telling us to brush our teeth twice a day, something they used
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