India's Q1 FY27 consumption recovery broadens across FMCG, value retail and jewellery
Demand revival gained momentum as Trent (~19%), value players Baazar Style/V2 (23-29%), jewellers Senco (58%), Kalyan (~60%) and Titan (38%) posted strong growth. FMCG majors Marico, Godrej and Dabur logged volume gains; Nykaa GMV rose ~30% despite near-term input-cost margin pressure.
India's consumption recovery broadened in Q1 FY27 with FMCG (Marico, Godrej, Dabur), value retailers (Trent, V-Mart, Senco), jewellery (Titan/Tanishq, Kalyan) and D2C (Nykaa) reporting strong revenue and volume growth despite temporary input-cost margin pressure.