PETALING JAYA: Consumer companies will likely see mixed fortunes this year, with those in the staple-food segment expected to remain resilient, while those in the discretionary segment expected to see muted performance through 2024.

According to MIDF Research, the prospects for consumer staples will continue to be underpinned by steady demand and solid domestic out-of-home consumption, thanks to the extreme hot weather, rising incomes, improved job market prospects, and recovery in tourism.