Putting money in hands of consumers through subsidies is a short-term approach, and according to Saugata Gupta, Government should invest more in infrastructure, product-linked incentive schemes and rural employment programme
Salaries jumped despite companies posting subdued performance
The three new independent board directors are Kalpana Morparia, Romesh Sobti, and Saugata Gupta
In the current year company aims to deliver on annualized basis 8 percent volume growth.
In an exclusive conversation with CNBC-TV18's special show - Weekender - Saugata Gupta, MD & CEO of Marico says there's room for growth in rural business.
The CII National FMCG Summit is underway. A report titled “Winning with the Indian Consumers†unveiled at the summit says that the sector is expected to grow over 15 percent in next two to three years.
Indian consumer goods company Marico is optimistic on the situation improving in the January-March quarter. Speaking to CNBC-TV18, MD & CEO, Saugata Gupta says, impact of the demonetisation drive was high initially but now there seems to be an improvement.
Speaking to CNBC-TV18 Saugata Gupta, MD & CEO OF Marico explained the reasons behind the lower-than-estimated volume growth this quarter.
Demand pickup is expected to start from October onwards and there are enough opportunities in the rural segment, says Saugata Gupta, MD and CEO of Marico.
Agriculture and rural development being an integral part of economy, every Budget has a list of schemes for the rural India and farmers.
According to Saugata Gupta, MD & CEO, Marico raw material prices are likely to remains soft for couple more quarters, which the company would like to to pass on in terms of pricing.
CNBC-TV18's Farah Bookwala caught up with Saugata Gupta, CEO & MD, Marico, here is a slice of that exclusive conversation.
In an interview to CNBC-TV18 Saugata Gupta, MD & CEO of Marico spoke about Q2 earnings and the way ahead for the company.
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‘.
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.
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.
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.
Marico learns to juggle old and new businesses after acquiring Paras's personal care brands
Homegrown FMCG firms Dabur and Marico may hike prices of some of their products as has already been done by rival Emami in the wake of increase in excise duty hike and higher input costs.
According to Saugata Gupta, chief executive of the consumer products business at Marico, the FMCG space could see down trading due to continuous inflation.
Marico shares surged over 4% on Thursday morning on the FMCG player's acquisition of personal care business of privately held Paras Pharmaceuticals from UK's Reckitt Benckiser.
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.