Expanding distribution reach, value added products to help revenues, margins
While some companies have chalked out a relatively long-term plan to increase market penetration, others are seeing rural demand bounce back to pre-Covid levels
It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen
"The journey back to the pre-Covid-19 growth rate will comprise strategic cooperation and resilience across the value chain," he said
Products sold in rural markets like tractors and motorcycles and roofing sheets were leading the recovery, says T V Narendran
While hygiene and home care segment, rural-focused players could see better demand, a large portion coming from non-essential products means topline will be impacted
Rural market contributes 40% sales for India's top carmaker, up from 7-8% 10 years back
The move comes as India emerges the fourth-largest market for Coke's premium water brand 'smartwater', launched in 2018
The rural market, which accounts for 36 per cent of India's FMCG market by sales, contributed 60 per cent to the slowdown
Farm reform focus should shift to income generation
FMCG product sales in the rural market in this quarter grew by a meagre 5.9%
A just-released study by Nielsen shows how only a third of the country's 600,000 villages account for the bulk of rural consumption