Nifty FMCG index hits all-time high. What’s the outlook looking like?
FMCG sector revenue growth is expected to be in the mid-teens for FY23, mainly supported by price growth as the companies had taken price hikes to compensate for the elevated input prices while volumes were weak.Margins were impacted but started to showcase some improvement in the second half of FY23 due to a decline in input prices. However, analysts see margins improving in the coming quarters with inflation coming down
