'Consumers spend more on durables, FMCG in FY25'

New Delhi: With rising per capita and disposable incomes, Indian consumers are spending significantly on consumer durables and FMCG, while multi-brand outlets staged a comeback in FY25. Average monthly spending on consumer durables soared by 72% in FY25, fuelled by a growing wave of home ownership and the demand for furnishing new homes with appliances, according to the CMS Consumption Report 2025 . This marks a dramatic rebound from a modest 6% rise in FY24.

The FMCG sector signalled a steady recovery from a sharp FY23 slump, with 4% consumption growth in FY25.

Average monthly spending in multi-brand outlets surged 12%, a strong recovery from a -29% decline in FY24, though slightly below the 14% growth seen in FY23. Quick commerce achieved a 10% year-on-year consumption surge, propelled by hyper-localisation. Together, these trends reflect a robust, ongoing shift towards sustained spending on goods, as Indian households invest in comfort and convenience to match their evolving lifestyles.

North India led cash-led consumption, with an average of Rs 1.3 crore cash dispensed per ATM in India. Bihar joined New Delhi and Uttar Pradesh in the top three cash-led consumption hotspots, with the latter two maintaining their ranks for two years. The monthly ATM withdrawal average ticket size (ATS) grew 3% year-on-year to Rs 5,658 in 2025.

In FY25, consumer durables, multi-brand outlets, and FMCG witnessed the highest consumption growth in terms of average cash-led purchase per retail store, the report says. This is in contrast to FY24, which had media and entertainment, FMCG, and consumer durables as the sectors with the highest spending growth.

A robust cash infrastructure is driving consumption growth. From 2014 to 2024, key enablers fuelled cash economy, supporting the consumption economy. In this period, currency in circulation surged 157%, ATMs increased by 32%, and bank branches expanded by 36%.