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    HomeNewsBusinessStocksMarico quarterly update: Revenue growth modest, margin recovery takes hold

    Marico quarterly update: Revenue growth modest, margin recovery takes hold

    Saffola franchise saw healthy growth; rural markets continue to lag, which impacted value added hair oil and parachute coconut oil

    Nandish Shah
    January 05, 2023 / 10:07 IST
    Marico: Marico expects modest growth in Q3 operating profit due to lower revenue growth. Consolidated revenue in Q3FY23 grew in low single digits on a year-on-year basis. As there has been some semblance of stability in key input prices and consumer pricing across key franchises, gross and operating margins are expected to improve both on a sequential and year-on year basis. Company expects a modest growth in operating profit due to lower revenue growth.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More