Company updateEconomic Times
Consumption recovery may take a hit on inflation, weaker rains
Negative-62 sources
GreyOak summary
Dabur India CEO Herjit S Bhalla warns that consumption recovery faces headwinds from unprecedented inflation and weaker rainfall, impacting rural markets. While India business revenue grew 11% and volume grew 5.5% in Q3, gross margins contracted 60 bps to 48.8%. The company is implementing calibrated price increases and expanding direct rural coverage to 100,000 villages.
What it affects
- CPI inflationNegative -6
Inflation is unprecedented and rising.Rolling sentiment Negative -36
