Edible oils, industry essentials drive growth outlook; FMCG recovery gradual, says report

A Nuvama report said the edible oils and agri-linked consumer staples sector outlook remains positive, driven by strong volume growth and improving demand across industrial segments. “Overall volumes to grow ~13% YoY led by strong growth in Edible Oils and Industry Essentials segments,” the report said, with edible oils such as soybean, mustard, rice bran and palm oil leading the upcycle.