Marico Q2 update: Double-digit volume growth to boost profit; expects to surpass guidance
Executive Brief • Key Highlights
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- ✓Marico expects double-digit volume growth for its India business in the second quarter.
- ✓The company said, "Consolidated revenue is expected to grow in double digits with strong performance across our core, digital and international portfolios." Strong sales in hair oils and international markets helped Marico beat its near-term guidance.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
"Consolidated revenue is expected to grow in double digits with strong performance across our core, digital and international portfolios, underscoring the effectiveness of our strategic priorities and execution discipline," Marico said in its regulatory filing.
Marico: Parachute, hair oils drive India business
Marico expects its India business to maintain strong momentum, with underlying volume growth touching double digits during the quarter.
Parachute Coconut Oil is expected to post early-teens volume growth, continuing its strong performance. The company attributed the growth to the brand's strong equity, consumer trust and supply chain advantages.
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