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
"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.
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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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.
Marico learns to juggle old and new businesses after acquiring Paras's personal care brands
Saffola, one of the leading brands in the country, launched oats in kerala market showcasing ways to reinvent the traditional 'Onam'.
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.
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.
Marico shares surged over 6% on Friday after the company reported strong earnings for the third quarter.
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.
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.
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.
Marico shares rose Monday morning after the fast moving consumer goods company sold its Sweekar edible oil brand to Cargill India.