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

Nandish Shah   •

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

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