With softer inflation and FMCG price cuts, the income-to-cost balance has improved gradually. “Macro indicators suggest steady improvement, leading to anticipated volume growth from 2024-25 to 2025-26,” say Research Analysts Pratik Bipinchandra Prajapati and Tanu Jindal from Motilal Oswal. Here are the factors that may require a reassessment of the sector soon.
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