Reportedly the fast-moving consumer goods (FMCG) sector registered a 2.6 per cent growth during the January-March quarter in the eastern region which was under "maximum stress" in the period as compared to other zones, according to a data analytics company report. The sector grew by 6.3 per cent during the first three months of the current calendar year in the country, and the growth was impacted in march with the initial effect of Covid-19 outbreak, the market insight firm Nielsen said in its note.
The FMCG sector had grown by 7 per cent during the last quarter of 2019, it said. FMCG sector includes non-durable household goods such as packaged food, beverages, toiletries and other consumables that are sold at a relatively low cost. The slowdown was steeper in the urban markets compared to the rural markets, across the four zones, the report said.
The growth in the eastern zone during the period was the lowest while south india witnessed an expansion of 8.8 per cent, the highest among four regions.However, a closer look shows that the eastern region's growth was led by value while the southern states saw a sharp volume expansion, according to the report. In the east, the value growth was at 2.2 per cent in the first quarter of the current calendar year, while the Southern region showed a volume expansion of 6.4 per cent. The growth for the FMCG sector in north and west was 4.7 per cent and 5 per cent respectively.
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