Parachute

Marico: Better demand, steady execution to lift valuation

The company continued to gain both market share and penetration across 80 percent of the product portfolio

Marico: Outlook improving, recovery likely to be gradual

Foods segment likely to be engine of growth in the near term, while recovery in Parachute and VAHO will be gradual

Marico: March 2023 quarter to be in line with expectations

Recovery in rural markets will help growth in core portfolio of Parachute and value-added hair oil categories

Marico: Food portfolio likely to be engine of growth

Recovery in rural markets will help growth in the core portfolio of Parachute and value-added hair oil categories

GCPL | FMCG earnings update: Operating profitability to recover in H2FY23

Investors need to watch out for rural recovery as some of the categories like coconut and value-added hair oils have seen a slowdown in growth. Personal care categories have registered higher value growth as raw material prices were passed on to consumers.

Viral video: Man jumps out of plane from 25,000 feet with no parachute and then...

A video of the two-minute fall has resurfaced on Twitter and is now viral. The tweet was even liked by the richest person in the world, Elon Musk.

Ideas For Profit | Marico

Marico’s June quarter results were in line with expectations. Management believes gross margins have bottomed out in Q1FY22 and are likely to recover from September 2021 quarter. We are factoring in a revenue growth of 15% for FY22 and 12% for FY23. Based on our projections, Marico is trading at a P/E multiple of 55x/47x FY22E and FY23E respectively as against the last 10-year average valuation of around 36x. Investors with a long-term view can accumulate this stock and add on declines. Here’s why

Food for thought for Marico investors

Investors should focus on the food business of Marico which will drive growth, going forward

Marico: Growth across all categories, outlook continues to remain positive

After a healthy growth in value-added hair oil in the December quarter, Marico expects to capitalise on its position and sustain a double-digit growth trajectory over the medium term

Marico Q4: Portfolio focus on essentials a positive, accumulate on declines

Ideas for Profit | Marico’s steady diversification adds to earnings visibility

Marico Q4 review: Volume growth on expected lines; improving margin profile key positive

Weekly Tactical Pick | Marico: Improving margin profile make us constructive

The management expects operating margin to improve moderately as input costs have eased and operating leverage benefits are also expected to show

Marico Q4 update: Volume growth on expected lines; improving margin profile a key positive

What explains a relatively steady show by the FMCG companies?

FMCG is a bright spot in consumption; how investors can play this theme

We continue to prefer companies that focus on distribution reach, and deploy internal accruals to invest behind their brands. A sustainable way of doing the latter is deploying internal accruals such as cost savings and utilizing super normal profit from other product groups.

Marico Q3 review: Gross margin gains to be deployed for growth of new categories; buy on dips

For FY20, Marico has guided at 10 percent volume growth for its India business and over 18 percent EBITDA margin. In constant currency terms, the international business should continue its double-digits growth

Marico eyes 13-15% revenue growth over 3-4 years: Saugata Gupta

In the current year company aims to deliver on annualized basis 8 percent volume growth.

After drones, Amazon plans parachute drops for deliveries

US e-commerce giant Amazon was awarded a patent earlier this week for a system in which a package would be "forcefully" propelled from an unmanned aerial vehicle (UAV) and would be helped to land by tools including a parachute.

Premature price rise not in line with input costs hit us: Marico

Speaking to CNBC-TV18 Saugata Gupta, MD & CEO OF Marico explained the reasons behind the lower-than-estimated volume growth this quarter.

Marico Q2 profit rises 18%, domestic volume growth disappoints

FMCG company Marico's second quarter consolidated profit jumped 18.1 percent year-on-year to Rs 180.6 crore on operational efficiencies while revenue fell 0.7 percent to Rs 1,443 crore.

Marico Q2 profit seen up 18%, domestic volume growth may be 6-8%

FMCG major Marico's second quarter profit is seen rising 18 percent year-on-year to Rs 177.2 crore and revenue may increase 2.3 percent to Rs 1,519 crore, according to analysts polled by CNBC-TV18.

Marico expects Parachute volumes growing 5-7%

"Recovery on consumption will happen with seventh Pay Commission and One Rank One Pension (OROP) being implemented, which will trigger demand and bring the company more volumes," says Saugata Gupta, MD and CEO of Marico.

Marico Q1 profit seen up 12%; domestic volume growth may be 6-8%

Analysts say sluggish revenue growth may be due to price cuts announced by the company. It reduced prices of Parachute oil by around 16-18 percent.

Marico Q4 net seen up 19%, growth likely at cost of price cuts

Analysts polled by CNBC-TV18 feel domestic business may see 6-7 percent growth while international business is likely to see 9-10 percent jump. However, growth may be at the cost of price cuts and promotions. Steep cuts of 9-25 percent were taken across stock keeping unit (SKUs).