Consumer goods space to see muted growth in 3QFY25: Report

Growth in the consumer goods space for October-December 2024 is expected to be muted due to sluggish urban demand, gradual rural recovery, and price hikes across product categories. Urban consumption slowed owing to elevated inflation and lower job opportunities, whereas rural growth outpaced urban growth. High commodity prices affected gross margins, with operating profit margins anticipated to be lower year-on-year.