India’s July–September consumer goods growth lifts festive-season sales outlook

The Economic Times reports that manufacturers put July–September air-conditioner sales volume growth at more than 25% year-on-year, with refrigerator and washing machine volumes up 13–14%. Market researcher Bizom put FMCG sales growth by value at about 9%, while retailers reported branded apparel sales up more than 12%. Price increases and a low year-earlier base partly aided growth, but the paper says sales volumes in durables and apparel remained strong. Retailers expect a strong festive season.