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In an interview to CNBC-TV18 Saugata Gupta, MD & CEO of Marico spoke about Q2 earnings and the way ahead for the company.
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Sumit Malhotra, MD of Bajaj Corp, says, Q2 volume growth is largely driven by Bajaj Almond Drops and Brahmi Amla. He says the company has over 60 percent market share in light hair oil segment.
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Chairman Harsh Mariwala says Marico sees 25 percent of its turnover coming from rural India, while the balance comes from urban areas. Going ahead, he is hopeful that urban demand will start picking up soon
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Saugata Gupta, MD and CEO of Marico says the entire FMCG sector is benefiting from, pricing actions and an additional positive would come if the sector ‘ploughs it back to innovation and pricing‘.
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In an interview with CNBC-TV18, Saugata Gupta, Managing Director & CEO of Marico said the volumes will improve with revival of urban consumption in coming quarters.
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Marico chairman Harsh Mariwala says the current spate of rains are just the first part of monsoon. Until it continues in the same pace, it is difficult predict improved crop production.
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Nitin Mathur of SocGen says the consumer segment is just coming out of a prolonged slowdown. “We were in any case not expecting any V shaped recovery to happen, it is going to be slow and gradual process and we are happy that things are on track for that,†he told CNBC-TV18.
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FMCG major Marico posted an 18 percent increase in its third quarter consolidated net profit year-on-year to Rs 160 crore on higher revenue growth. The bottomline and operational performance was ahead of expectations while topline met estimates.
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Harsh Mariwala, Chairman of Marico, hopes to see some positive rub-off effect of falling crude prices on other commodities also, like coconut oil.
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Unperturbed by short-term margin pressures, Marico eyes blended margins of 14-15 percent in domestic and international business, says MD and CEO Saugata Gupta.
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Marico strongly believes the worst is behind them as base correction of a slowdown that began in Dec-Jan last year would start coming in. Rural growth will continue to grow faster than urban growth in the next few quarters, says Marico CEO Saugata Gupta.
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FMCG major Marico is hopeful of a recovery in its performance going forward. Its management feels that the volume growth has been the dampening factor in the company's performance in the quarter.
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In an interview to CNBC-TV18, Milind Sarwate, group chief executive officer, Marico gives his views on the company's Q3 performance.
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Milind Sarwate, group CFO, Marico, in an interview on CNBC-TV18, explains that the growth prospects of flagship brand would improve after the restructuring process. Sarwate hopes for greater returns from 'Kaya Bar' and is not looking at an outright sale of the Kaya business post restructuring
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Milind Sarwate, Group CFO, Marico, says that the company has grown by 14 percent in terms of value and with time the company expects to take the percentage higher.
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Milind Sarwate, group chief financial officer of Marico says, operating margin has improved to almost 15% in Q1. He sees margin around 12-13% ahead.
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Delay in monsoon in many parts of the country has pushed the Kharif crop sowing. There has been a 19% (YoY) decline in areas where major crops are sown. Saugata Gupta, chief executive officer, Marico told CNBC-TV18 that inflationary pressure on oilseeds is likely to remain going ahead.
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CFO of Marico Milind Sarwate says they are considering reducing prices going forward so as to give the customers the benefit of declining raw material prices.
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Throwing light on the various aspects of Marico and the recent acquisition, Milind Sarwate, chief of finance, HR and strategy explained to CNBC-TV18 that the situation was improving for the Rs 300-crore group
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FMCG major Marico, popularly known for its 'Parachute' brand posted stellar results beating the street expectations. The sales were up 29.4% at Rs 1057.8 crore as against expectation of Rs 994 crore. The overall domestic volume growth was 16% versus expectation of 11 -12%.
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Harsh Mariwala, President-FICCI and Chairman & Managing Director Marico, believes the reversal of foreign direct investment (FDI) in retail has hurt investor sentiment.
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Marico posted its second quarter FY12 numbers. Chief of finance, human resource and strategy Milind Sarwate told CNBC-TV18 that the margins would remain under pressure in short-term. Moreover, he indicated that the company expects to sustain double-digit volume growth for FY12.
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In this episode of The Forbes India show, Harsh Mariwala, the head of Marico Industries talks to CNBC-TV18’s Senthil Chengalvarayan about his views on the economy, various policies and the possibility of trade with Pakistan.
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Harsh Mariwala, chairman and managing director of Marico, in an interview to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, spoke about the latest happenings in the company and gave his view on how the company is likely to perform going forward.
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Consumer products-maker, Marico fell nearly 9% in morning trade today over concerns that the company would not report robust profits for the coming few quarters.
