Marico profit jumps 31%, flags rising input costs amid West Asia woes
Executive Brief • Key Highlights
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- ✓Marico reported a 31% jump in net profit to ₹550 crore, even as it flagged rising input costs from West Asia tensions.
- ✓Managing director Saugata Gupta said on Monday, "We are well equipped to manage these pressures." The company saw 13% revenue growth and expects to exceed ₹15,000 crore annually.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Marico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets. The company highlighted challenges from rising input costs due to geopolitical tensions and adverse weather circumstances. Managing director Saugata Gupta expressed awareness of potential inflation effects, especially in rural areas. Marico aims for mid-20% EBITDA growth by FY27 and expects annual revenue to exceed ₹15,000 crore.
Mumbai: Consumer goods maker Marico has flagged renewed input cost pressures from geopolitical tensions in West Asia and weather-related concerns, even as consumption in India remained resilient.
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Economic Times
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