Demand trends witnessed sequential improvement in the June quarter, with rural growth picking up, homegrown FMCG major Dabur said on Friday.
Moreover, with a forecast of a normal monsoon and continued focus by the government on macroeconomic growth, "we expect the improvement to accelerate in the coming month," the company said in an update for the quarter ended June 30, 2024.
The domestic business is expected to record mid-single-digit volume growth and its consolidated revenue is expected to register mid-to-high single-digit growth during Q1 FY25, said Dabur, which owns brands such as Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail, Dabur Amla, Dabur Red Paste, Real and Vatika.
"In India business, HPC (home and personal care) & Healthcare segment is expected to grow in high-single digits," it said.
Travel and out-of-home consumption were impacted due to scorching summers, which had an impact on our beverage segment although the food (culinary) category showed ...
