Research coverage

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Image of a zebra

We cover consumer staples (including essential products such as food, beverages, tobacco and household items) and consumer discretionary (including nonessential goods and services such as apparel, consumer services etc.). The growth potential in this sector is significant, driven by positive demographics, rising urbanisation, and increasing purchasing power of consumers.India's FMCG market, estimated to be around $180bn, is expected to more than triple to $660bn by 2025 (14% CAGR) according to a BCG report. Consumer discretionary spending is also likely to pickup with improving macro-economic conditions.

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Harit Kapoor

Lead Analyst – Consumer Sector

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