Smartphone sales in India saw the highest ever second quarter shipment of 36.9 million units, with a 14.8% growth quarter-over-quarter, while sales of ₹5 biscuit packs and soaps are declining. Factors driving strong smartphone sales include live streaming, better content on platforms like Netflix, the surge of social media apps like TikTok, and cheap data plans. Meanwhile, demand in rural areas, which account for 37% of FMCG sector spending, is slowing down at double the rate of urban areas. Elderly consumers focus more on health and monthly expenses for groceries, while millennials drive mobile phone upgrades.
Smartphone sales in India saw the highest ever second quarter shipment of 36.9 million units, with a 14.8% growth quarter-over-quarter, while sales of ₹5 biscuit packs and soaps are declining. Factors driving strong smartphone sales include live streaming, better content on platforms like Netflix, the surge of social media apps like TikTok, and cheap data plans. Meanwhile, demand in rural areas, which account for 37% of FMCG sector spending, is slowing down at double the rate of urban areas. Elderly consumers focus more on health and monthly expenses for groceries, while millennials drive mobile phone upgrades.
Smartphone sales in India saw the highest ever second quarter shipment of 36.9 million units, with a 14.8% growth quarter-over-quarter, while sales of ₹5 biscuit packs and soaps are declining. Factors driving strong smartphone sales include live streaming, better content on platforms like Netflix, the surge of social media apps like TikTok, and cheap data plans. Meanwhile, demand in rural areas, which account for 37% of FMCG sector spending, is slowing down at double the rate of urban areas. Elderly consumers focus more on health and monthly expenses for groceries, while millennials drive mobile phone upgrades.
‘₹5 BISCUIT PACKS ARE NOT SELLING’ AT THE CENTRE OF THE ECONOMY THESE DAYS. BUT SALES OF ₹15,000 SMARTPHONES ARE ROBUST. KEY FACTORS FOR DECLINE OF FMCG MACRO ECONO MIC FACTOR S • WHY ARE MOBILES MOST POPULAR THAN SOAPS? THE INDIAN SMARTPHONE MARKET SAW THE HIGHEST EVER SECOND QUARTER SHIPMENT OF 36.9 MILLION, WITH A 14.8% QUARTER-ON- QUARTER GROWTH. WHERE AS, SALES OF FMCGS GREW 10% DURING APRIL-JUNE, ROUNDING OFF THE JANUARY-JUNE SALES GROWTH AT 12%.
WHAT FACTORS ARE DRIVING SMARTPHONES SALES?
LIVE STREAMING OF EVENTS AND BETTER CONTENT ON PLATFORMS SUCH AS NETFLIX ARE PERSUADING BUYERS TO UPGRADE. THE SURGE OF SOCIAL MEDIA APPS LIKE TIKTOK AND CHEAP DATA PLANS HAVE HELPED TOO. WHAT’S IMPACTING SOAPS AND BISCUITS? DEMAND IN RURAL AREAS, WHICH ACCOUNT FOR 37% OF SPENDS FOR THE FMCG SECTOR, IS SLOWING DOWN AT DOUBLE THE RATE OF URBAN AREAS. ARE THE MILLENNIALS THE BIG CULPRITS? THE ELDERLY CHOOSE THE GROCERY LIST AND THEY ARE FOCUSING ON HEALTH AS WELL AS MONTHLY SPEND, WHILE MOBILES ARE A CHOICE OF THE END USER, MANY OF THEM MILLENNIALS. THANK YOU