Crisil’s estimates paint a bleak picture for the FMCG sector, as opposed to Nielsen’s estimates of 5-6% growth for the sector NEW DELHI : India’s fast moving consumer goods sector (FMCG) could see a 2 - 3% drop in revenue in FY21, as immobility of supply chain accompanied by demand shock and diminished incomes due to the pandemic strain sales of packaged foods, and personal care goods going forward, Crisil Ratings said in a note on Tuesday.
The assessment is based on an analysis of 57 Crisil-rated FMCG companies that account for roughly 50% of the sector’s revenues. "The sector is expected to de-grow 2-3% this fiscal, a drastic change from our estimate of 8-10% growth made before the pandemic struck," Crisil Ratings said in a press note.