Weak rural demand to dent FMCG sector volumes in Q3FY24, says Nuvama; United Breweries, Nestle to be outliers

[Bilgin]

Weak rural demand to dent FMCG sector volumes in Q3FY24, says Nuvama; United Breweries, Nestle to be outliers Rural demand is expected to hinder the volume growth of the FMCG industry in Q3FY24, with rural volumes projected to remain flat or slightly decline year over year. The high rate of unemployment and demand for NREGS reflect the rural stress.