Not much slowdown yet; FMCG Q3 sales to grow 18-20%

Moneycontrol Bureau

An overall slowdown in the macro economy following a sharp rise in interest rates have led to concerns over growth and demand across several sectors in India. But there don't seem to be much pressures yet in the fast moving consumer goods sector.
Aalysts expect most FMCG companies in India will report a revenue growth of 18-20% from a year ago in the third quarter (Oct-Dec), on the back of steady uptick in volumes and price hikes taken across segments.