Consumer demand revives, but D-Mart shares plunge amid e-commerce fears
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Consumer demand grew for companies like Marico and D-Mart in the second quarter.
- ✓While sales rose, D-Mart shares plunged amid fears of e-commerce competition.
- ✓Marico said, “Domestic demand remained resilient during the quarter, even as the operating environment stayed volatile through the period.” Other retailers also saw strong growth recently.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
Consumer demand gained momentum for companies like Marico and Godrej Consumer Products in the second quarter. Retailers including D-Mart and V-Mart Retail showed strong sales growth, although D-Mart's shares declined significantly. Marico reported a double-digit volume growth, while Godrej tracked revenue growth in the teens despite inflationary risks. Nykaa experienced robust growth in its beauty and fashion segments during the quarter.
Kolkata: Consumer demand gathered some momentum in the second quarter for FMCG companies Marico and Godrej Consumer Products, and retailers such as D-Mart, V-Mart Retail, V2 Retail and Nykaa, although shares of retailer D-Mart’s parent company plunged the most in nearly two years over concerns of increased competition from Web commerce firms and rich valuations.
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The Economic Times
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