Sales of FMCG products fell 16.5 percent in May

MUMBAI: In the wake of the epidemic, people have cut spending due to fears of rising prices and its direct effect has been to reduce sales of fast moving consumer goods in May.

According to a private data analysis, sales of commodities ranging from edible oils and packaged wheat flour to personal care and confectionery items declined by 12.5% ​​month-on-month in May.

The number of grocery stores or outlets has dropped by 2.5 per cent on a monthly basis, according to figures from a platform that monitors sales in 3 lakh retail stores. Meanwhile, monthly sales of such stores declined by 12.5 per cent in May compared to the previous month.

Thus, the number of current groceries has increased by 4.5 per cent on a monthly basis and sales by 4 per cent. However, this figure of growth in May 2021 appears to be the result of the base effect of the second wave of Corona epidemics.

In May, sales of beverages items declined by 1.1 per cent month-on-month, commodities products by 31.4 per cent, confectionery products by 10.6 per cent, homecare products by 10.8 per cent, packaged foods by 2.4 per cent and personal care products by 4 per cent.

Experts say that due to fear of inflation, people have cut down on spending and are now moving towards smaller packets instead of larger ones. So demand is declining in all segments. Of course, the sale of soft drinks has increased due to the harsh summer.