Demand should revive post elections because the stimulus which all the manifestos of political parties have promised should finally get implemented and directly reach out to the end consumers, said Mohit Malhotra, CEO, DaburNSE -0.39 % India. Malhotra and Lalit Malik, CFO Dabur India, were in a conversation with ETNOW.
Edited excerpts:
You have mentioned certain factors like prolonged winter which has affected only the March quarterHave factors like agrarian crisis, liquidity also trickled into the first quarter numbers?
If you look at the recent data on the FMCG growth rates, we find both the volume and the value trajectory have actually come down. Last quarter, we saw growth of around 15.9% coming down to around 10% now and going down toward single digit. If you look at the volume trajectory of FMCG market, it was in the range of around 12%, going down to 10% and if I look at the exit rates of March, it is going down to around 7%. I do not know how long this will last…
Many consumption facin ..
Mohit Malhotra: Yes, we are hopeful about it. We think demand should revive post elections because the stimulus which all the manifestos have actually promised should finally get implemented and they should directly reach out to the end consumers. Then we will see the sentiment recovering because the demand for discretionary and staples should revive and even the first half , we should see some sort of demand revival happening.
While many of your segments have ..
Lalit Malik: This quarter, our food segment has actually declined by almost 5.5 percentage. The extended winter has caused slowdown in demand. As we move into quarter one, we are seeing that in view of the summer, demand is coming back. Primarily it is extended winter that has caused to some extent, impact on our food category.
Apart from that, even in hair oils, especially when we are more focussed on north India, the extended winter has lowered demand. That has also ..
There is a pressure on demand of the products in the MENA region, though there again we have gained market share through promotional initiatives but the overall market has contracted. The impact of that pressure we have seen in quarter four. On an annualised basis, we do see a stable growth compared to Q4 and going forward we will have to see the impact of exchange coming and also the market revival in the MENA region will determine in terms of the steady growth going forward in the current fisc ..
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Edited excerpts:
You have mentioned certain factors like prolonged winter which has affected only the March quarterHave factors like agrarian crisis, liquidity also trickled into the first quarter numbers?
If you look at the recent data on the FMCG growth rates, we find both the volume and the value trajectory have actually come down. Last quarter, we saw growth of around 15.9% coming down to around 10% now and going down toward single digit. If you look at the volume trajectory of FMCG market, it was in the range of around 12%, going down to 10% and if I look at the exit rates of March, it is going down to around 7%. I do not know how long this will last…
Many consumption facin ..
Mohit Malhotra: Yes, we are hopeful about it. We think demand should revive post elections because the stimulus which all the manifestos have actually promised should finally get implemented and they should directly reach out to the end consumers. Then we will see the sentiment recovering because the demand for discretionary and staples should revive and even the first half , we should see some sort of demand revival happening.
While many of your segments have ..
Lalit Malik: This quarter, our food segment has actually declined by almost 5.5 percentage. The extended winter has caused slowdown in demand. As we move into quarter one, we are seeing that in view of the summer, demand is coming back. Primarily it is extended winter that has caused to some extent, impact on our food category.
Apart from that, even in hair oils, especially when we are more focussed on north India, the extended winter has lowered demand. That has also ..
There is a pressure on demand of the products in the MENA region, though there again we have gained market share through promotional initiatives but the overall market has contracted. The impact of that pressure we have seen in quarter four. On an annualised basis, we do see a stable growth compared to Q4 and going forward we will have to see the impact of exchange coming and also the market revival in the MENA region will determine in terms of the steady growth going forward in the current fisc ..
For more information Top 10 Stock Advisory Company Indore
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