One Week Of Lockdown Was Enough To Contract FMCG Sales In March Quarter

Though categorised as essentials, the first week of the nationwide lockdown to contain Covid-19 at the end of March was enough to cause a contraction for consumer goods makers.Sales and revenue of the makers of soaps to staples declined in the quarter ended March as Prime Minister Narendra Modi announced a complete shutdown starting March 25. Even operating margin narrowed during January-March.Here’s a look at how FMCG companies perf...