Several FMCG companies have reported sales growth in June and expect the momentum to continue in Unlock 2.0, though some challenges persist. Firms such as Godrej Consumer Products Ltd (GCPL) and Marico expect overall growth in the April- June quarter, which was severely impacted due to the coronavirus lockdown. GCPL expects a “mid-single-digit, volume-driven sales growth” in April- June, the company said recently in its quarterly update for Q1 FY21. Another homegrown FMCG firm Marico, sharing its quarterly update, said it witnessed significant disruptions during the first fortnight of April but since then, has been able to steadily scale up operations to near-normal levels in June. According to experts, FMCG companies have seen an improvement as production and supply chains have stabilized. “Several FMCG companies have seen a marked improvement in the last month as production and supply chain is stabilised and lockdown restrictions are lowered across states,” EY Partner and National Leader – Consumer Products and Retail Pinakiranjan Mishra said.

(Economic Times)