💨 Abstract

Indian consumer goods company Marico expects urban consumption to take at least six months to recover, due to ongoing food inflation which has hit a 15-month high. Marico, known for brands like Parachute and Saffola, is seeing reduced consumption among middle and lower income classes due to increased food prices. Despite this, luxury spending in India has increased.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖