Sanitizer sales surges multi-fold on COVID-19 pandemic.
Insight: Amid COVID-19 outbreak, hand sanitizer sales spiked by 53% in February 2020 & 340% in March 2020, much higher than erstwhile (Nov 2019-Jan 2020) levels of 11% growth. With heightened demand towards health & hygiene segment, we expect this segment to continue to grow at a robust growth of 62.5% over next 5 years, thereby reaching Rs.300 crore market from current size of Rs.43 crore.
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