co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
Marico announced a 15.3% year-on-year growth in net profit today to Rs 85 crore. Despite this, the margins declined due to increasing cost of raw materials, especially in the hair oils segment.
While the MET department has downgraded the forecast for the current season yesterday, consumer goods producer Marico says the monsoon factor will not touch the demand bubble.
Fast moving consumer goods firm Marico expects a 6-8% volume growth in its core coconut oil business over the “medium term”, the company said in a press release while detailing its fourth-quarter results on Monday. However, Marico cautioned that operating margins would continue to remain under pressure due to rising input costs.
Recent political turmoil in Egypt has affected production of two Marico plants in the North African country. In an interview with CNBC-TV18, Saugata Gupta, CEO - Consumer Products, Marico spoke on the impact of the crisis on its business.
Marico has acquired 85% stake in International Consumer Products Corporation (ICP), a Vietnamese company. Chief Finance HR & Strategy, Milind Sarwate of Marico, in an interview with CNBC-TV18’s Sonia Shenoy, said that IPC's turnover was about USD 25 million for the calender year (CY) 2010.
In an interview with CNBC-TV18, Milind Sarwate, CFO, Marico Industries, speaks about the results and gives his outlook going forward.
