More than 50% Indian households downing soft drinks; to increase with intensifying heat: Report

Besides, washing liquids, another premium laundry product introduced by leading FMCG majors, breached the 100,000-tonne mark in FY24. All these trends are "record breakers", the report noted.

The bottled soft drink category had a "massive 41 per cent household growth in MAT (moving annual total) March 2023" and continued to add more households and expanded 19 per cent in MAT March 2024.

"With the intensifying summer, the category is likely to continue its growth this year too," it said.

On the consumption, the report said now consumers shop FMCG products 156 times a year, or every 56 hours from online or offline channels.

However, it also added that the average basket value has gone down as shoppers are no longer buying more packs as they were purchasing earlier.

"The frequency and the pack trends indicate that shoppers are no longer reducing their pack sizes, but holding on to the ones they are buying. In other words, we are very likely at the juncture where we see shoppers buying slightly bigger packs from now on," it said.

Now discretionary premium-end categories like washing liquids and indulgent products such as bottled soft drinks have performed exceedingly well.

Still, groceries are the biggest household expense, accounting for over 24 per cent of all quarterly expenses in a household, it added.

The report also highlighted that though inflation might have slowed to acceptable levels, its effects are not lost on the consumer.

"The worst of inflation is behind us, however, there are pockets of the market that are still under some stress...the shopper is looking at the future with great optimism, even those who are under stress, and this optimism has been the flag bearer of the Indian consumption story for long now," it said.