FMCG sector slows down in Dec quarter as price growth tapers: NielsenIQ

Tapering price growth and weak volumes slowed down growth in the quarter, according to data by NielsenIQ

India’s fast-moving consumer goods (FMCG) sector grew at a slower pace, at 7.6 per cent, in October-December 2022 compared to the previous quarter as well as the year-ago period, as price growth tapered and volumes remained weak, according to data by market research firm NielsenIQ.
 

Volumes continued to decline in the December quarter but at a slower pace. In the quarter, volumes shrank 0.3 per cent year-on-year (YoY) compared to 0.7 per cent contraction in July-September. Price growth during the quarter was 7.9 per cent, lower than 9.9 per cent in the previous quarter.
 

FMCG firms were consistently increasing the