India Consumer Staples - Silver Lining For Recovery In Rural Markets: Dolat Capital

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Dolat Capital Report.The rural markets in India are showing early signs of recovery. Macro indicators like unemployment rate, tractor sales and rabi sowing are pointing towards recovery. As per data provided by CMIE the unemployment rate in rural has declined to 7.6% in Nov-22 compared to 8.0% in Oct-22. Domestic tractor sales for Nov-22 indicates increase of 6.5% YoY, the sales of largest manufacturer Mahindra and Mahindra Ltd. has grown by 11.8%. In Nov-22 the sowing of crops has seen sharp increase of 24%, the area under pulses increased by 42% to 20.6 lakh hectares similarly oilseeds sowing increased by 29%. Sales growth for fast moving consumer goods companies in H1 FY23 was muted primarily due to slower growth in rural areas. Slowdown in rural areas can be attributed to inflationary pressures and comparatively lower growth in earnings. However, early indicators of improvement in rural growth would help accelerate volume performance in the ensuing quarters..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

India Consumer Staples - Silver Lining For Recovery In Rural Markets: Dolat Capital

Macro indicators like unemployment rate, tractor sales and rabi sowing are pointing towards recovery.

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India Consumer Staples - Silver Lining For Recovery In Rural Markets: Dolat Capital

Macro indicators like unemployment rate, tractor sales and rabi sowing are pointing towards recovery.

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