Market research firm Nielsen expects India’s fast moving consumer goods sector to grow 12-13% during calendar year 2018. Demonetization woes and uncertainties around GST had created short-term stress on retail stock levels, but it has now bounced back and stand at a higher level from pre-demonetization period. The trade dynamism triggered by demonetization and GST roll out has almost settled down. As a result, Apr-Jun 2018 quarter witnessed strong shipment growth on the back of a low base of last year. Modern trade channels that account for about 10% of the overall FMCG market have shown high growth while rural growth has picked up as cash is back in the market. During April-June quarter, the FMCG industry grew 10.9% and the growth trailing 12-months ended June FMCG industry stood at 11.6%.

(Economic Times)