We continue to see Dabur as the key beneficiary of the wave of naturals and Ayurveda and Dabur is also driving growth by improving its distribution, direct reach and strengthening its business in regions where its presence is lower.
However, it raised the FY23 growth projection for the country to 7.9% from 6.2% anticipated earlier. Still, over the longer term, it expected growth to hover around 6%. The agency also pegged India's real GDP contraction in FY21 at 7.2%, against 7% expected earlier.
While the balance sheets of companies in the organised sector would be affected very slightly, lakhs of small enterprises, in the informal sector, will once again be in deep distress and many even go extinct.