Cons. Products
Services business a hard sell for FMCG companies focused on products
![Services business a hard sell for FMCG companies focused on products](https://img.etimg.com/thumb/msid-111792011,width-362,height-240,imgsize-123378,resizemode-75/industry/cons-products/fmcg/services-business-a-hard-sell-for-fmcg-companies-focused-on-products.jpg)
There are several instances of FMCG companies entering service business that didn't work for them on expected lines. In 2009, Jyothy Labs launched a laundry business through a chain called Fabricspa, with an investment of Rs 40 crore. Over the years, the business grew at a slower pace compared to the rest of the business. It contributed 2% of the total revenue of Jyothy Labs in FY24.
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