Food to fashion: Companies see demand recovery signs

MUMBAI: Consumers spent connected packaged goods, beauty, fashion, and jewellery successful the June quarter, indicating immoderate revival successful request that had been dragged down by sluggish municipality consumption, adjacent though aboriginal rains and geopolitical tensions capped growth, quarterly updates published by companies showed.Dabur said the FMCG assemblage saw a sequential betterment successful request with an "uptick successful measurement growth, peculiarly successful municipality markets". Although the company's location & idiosyncratic attraction and wellness attraction segments are expected to present beardown growth, the beverage portfolio was deed by a abbreviated summertime and unseasonal rains. "On relationship of the diminution successful beverages, Dabur's consolidated gross is expected to turn successful low-single digits," the shaper of Hajmola and Odonil said.Godrej Consumer Products, which has a wider municipality sum said that measurement maturation has been improving.

For Marico, which has been grappling with precocious copra prices, unseasonal rains "heightened" ostentation successful the commodity, keeping gross margins nether pressure. The company, which captures a ample stock of the coconut lipid class done brands specified arsenic Parachute, took astir a 30% terms hike successful the conception implicit the past 12 months.

Volumes successful Parachute saw immoderate diminution during the quarter, but wide maturation got a leg-up from foods and premium idiosyncratic attraction categories.

"...underlying measurement maturation successful the India concern continued to amended sequentially to scope a multi-quarter high, driven by affirmative trends successful halfway franchises and continued scale-up of caller businesses," Marico said, adding that municipality sentiment remained dependable and easing ostentation should assistance maturation successful the coming quarters.

Moderating thenar lipid prices and range-bound crude lipid derivatives should construe into broader gains for companies from the 2nd fractional of FY26.High ostentation implicit the past fewer quarters pushed municipality consumers to chopped backmost connected discretionary spending, pushing govt to supply taxation incentives, the benefits of which started to footwear successful from the June quarter. Nykaa reported that geopolitical tensions led to immoderate "loss of business" during the company's flagship merchantability successful Q1, but request for its portfolio of ain brands and wide organisation formats helped the quality segment, which is expected to present gross merchandise worth (or sales) maturation successful the higher mid-20s.

The manner concern besides fared better, the steadfast said. Tata Group's retail concern Trent, though, indicated a slower 20% maturation successful its standalone gross for Q1, compared to its five-year CAGR of 35%, indicating that a afloat request betterment is immoderate clip away.Wedding request and Akshaya Tritiya income boosted Kalyan Jewellers' income successful Q1. "The precocious concluded 4th was a precise fulfilling one, signaling consolidated gross maturation of 31%... contempt aggregate pauses successful demand, majorly owed to volatility successful golden prices and geopolitical tensions," the institution said.