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Nielsen projects a gloomy year for FMCG companies

India covid-19 2020 pandemic
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Nielsen on Thursday slashed its 2020 growth outlook for India’s fast-moving consumer goods (FMCG) sector to 5-6% from its earlier projection of 9-10%, as it expects the effects of the disruptions caused by the covid-19 pandemic to linger for the rest of the year.

The market researcher said that long-term effects of the pandemic will have widespread impact in the months to come. The projections came on the day that India’s largest packaged consumer goods maker, Hindustan Unilever Ltd (HUL), a bellwether for the packaged goods industry, reported a steep decline in volumes.

On Thursday, HUL reported a 7% decline in underlying volume growth for the quarter ended 31 March. The massive disruption because of the pandemic comes just as the

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India
India
Cases: 34 321 025
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Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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