Small Grocery Stores: The business that was affected the most after the Kovid epidemic was the business of grocery stores. People were preferring to buy more things online, but even after this the business of FMCG stores has grown strongly. The buzz is back with higher product stocking, according to results from researcher NielsenIQ and financial top FMCG firm.
Industries executives say that there is a strong growth in businesses like small stores, grocery. New shops and businesses are being started in the cities and urban areas of India for earning. At the same time, FMCG companies say that they believe in direct distribution in rural and urban areas.
Big growth in small grocery business
Giving information about the March quarter, NielsenIQ said that the volume growth of the small grocery business has increased by 1.9 percent. This business has seen growth after four quarters. There has been positive growth in modern trade and has grown at a speed of 14.6 percent. According to NielsenIQ, for the first time in the last one year, a change is being seen in traditional business, this is a big relief for small business, because this business was under pressure for a long time.
Fastest growth rate of ecommerce
The results of companies with modern trade and e-commerce business suggest that most FMCG companies, including Dabur, Parle Products and Tata Consumer Products, account for a fifth of total sales, with the e-commerce business showing the fastest growth.
growth rate of companies
For Tata Consumer Products, the contribution of e-commerce has increased from 7.3 per cent of sales in FY22 to 9 per cent in the last fiscal ended March 31, with modern merchandise now accounting for 14 per cent of sales, ET reported. A year before this, there was a growth of 21 percent in modern trade. At the same time, there was an expansion of 32 percent in e-commerce. The digital sales account for Hindustan Unilever grew by 30 per cent, compared to 20 per cent a year ago. Similarly, Coca-Cola’s India products are being supplied to 300,000 retail stores.