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FMCG Sales remain flat for October, says Bizom report

4 Nov 2022 , 11:34 AM

In September, grocery sales decreased 10% month over month, according to the most recent report from retail analytics platform Bizom.

In the month prior to Diwali, businesses actively restocked shelves, which resulted in a 6% gain in the first three weeks of October, but sales fell precipitously by 15% in the final week after the holiday season.

Following the Russia-Ukraine war, corporations hiked product prices by 15-20% or decreased pack sizes over the previous year, which caused consumer inflation to reach an all-time high in April.

It increased more than was anticipated to a five-month high in September. Consumer goods demand may rebound in the second half of the fiscal year due to easing inflationary pressures and a regular monsoon, but it will rely on the success of the Kharif crop. The loss in this sector is particularly evident in rural areas.

According to experts, there was a significant difference between pre-and post-festive sales, which could either signify an accumulation of inventory or the influence of inflationary pressures.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • Bizom Report
  • FMCG
  • October Sales
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