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Foods business likely to be the growth engine, going forward. Its growth, compared to other categories, will be higher
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Recovery in rural markets will help growth in core portfolio of Parachute and value-added hair oil categories
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About inflation, Gupta told PTI the ''worst'' is behind and he sees a gradual recovery for the FMCG (Fast Moving Consumer Goods) segment with rural market making a comeback.
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In the last two years, Marico has extended the brand Saffola in immunity, foods and recently launched mayonnaise and peanut butter, its Managing Director and CEO Saugata Gupta said.
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Current trends indicate that consumers "titrated consumption" in some non-essential categories and either "down-traded among brands or switched to smaller packs" in the essential categories, said Marico.
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Consumer intelligence company Talkwalker has released a list of the top 10 most-loved brands in India in collaboration with Hootsuite
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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
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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
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The FMCG firm expects the heightened focus on health and surge in sales of ready-to-cook and ready-to-eat products to drive growth in the coming years
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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
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"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.
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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.
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ManageMySpa, the leading provider of software solutions to spa, salon & medi-spa industry, announces its user conference, Power Up! 2015 - The ...
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Volume growth, which is the key for any FMCG company, is expected to largely remain sluggish in the quarter gone by. Analysts expect volume growth of 8 percent, which is not a price-led growth. Infact volume growth could surprise on the downside, feel analysts.
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Marico learns to juggle old and new businesses after acquiring Paras's personal care brands
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Saffola, one of the leading brands in the country, launched oats in kerala market showcasing ways to reinvent the traditional 'Onam'.
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FMCG firm Marico's first quarter net profit rose better-than-expected 46% year-on-year to Rs 124 crore, helped by strong volume as well as value growth.
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FMCG player Marico missed street estimates on Thursday as net profit fell 3% year-on-year to Rs 69.70 crore, due to exceptional gains in the year ago quarter.
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Marico shares surged over 6% on Friday after the company reported strong earnings for the third quarter.
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Marico's third quarter consolidated net profit rose 21% year-on-year to Rs 84.12 crore, helped by good growth in volumes and price hikes taken during the quarter to offset high input costs.
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Marico shares tumbled over 8% on Thursday, after investors failed to digest a profit warning issued by the company late Wednesday. The FMCG company has gone to the extent of branding analysts' profit expectations as "excessive" in its update, which surprised the market.
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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.
