FMCG
FMCG
SECTOR | 07 Dec 2022
ICICI Securities Limited
After a year of subdued demand due to covid led restrictions in FY21, Amul reported
strong revenue growth of 18.6% in FY22 YoY. Most consumer products’ revenue grew in double digits, and our analysis of market and growth rates of Amul indicates the company has likely gained market share in most segments.
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