“Two-wheeler growth precedes consumer staples growth by about two to three quarters. It is a bit counterintuitive, but that is what data suggests. I think we are on a recovery path. The mood will incrementally get better as we get into 2024. Given that growth is so scarce globally, and India is one of the spaces where there is a very good level of growth and that is where the premiumness in terms of people’s willingness to pay for is coming.”
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