Broader consumption demand in India may take one more quarter to recover fully, even as some sequential improvement is expected in high-frequency economic indicators, according to a report by Axis Securities.
By the end of FY25, the Ministry of Road Transport and Highways (MoRTH) aims to operationalize 4,827 km of high-speed corridors, having already reached 4,693 km by December 2024.
The report points to a clear divergence between the premium and value segments within the retail market. While the premium segment has managed to sustain its growth momentum, the value segment has shown only a modest recovery, with results varying across different companies.
Despite facing headwinds such as severe heatwaves in the northern region, heightened competitive intensity, and the impact of the upcoming general elections, most FMCG companies managed to post mid to high single-digit revenue growth.