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Marico sees stable demand conditions in Q4 FY19

03 Apr 2019 Evaluate

Marico has witnessed stable demand conditions and healthy offtake growth during Q4 FY19 on the back of the competitive strength of its franchises. While rural grew ahead of urban in the traditional channel, the company believe consumption trends should be closely monitored in light of some sluggishness in wholesale in March. Robust growth in Modern Trade and E-Commerce throughout the year has propelled the share of business from these channels to its highest ever level. Headwinds in CSD sales also seem to have passed.

Parachute Rigids continued to meet expectations. Saffola Edible Oils has responded very well to focused marketing initiatives during the quarter, however the company stay cautiously optimistic in the near term. Value Added Hair Oils, on the other hand, had a weak quarter. Overall, the domestic business delivered volume growth in line with the near term outlook.

The International business had a reasonable quarter with the key markets of Bangladesh and Vietnam faring well, while other markets were a bit subdued.

Operating margin is expected to improve moderately during the quarter as pressure from input costs eased and operating leverage benefits also kicked in.

Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.

Marico Share Price

831.70 -0.35 (-0.04%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
AWL Agri Business 206.65
Patanjali Foods 462.10
Gokul Agro Resources 238.35
Marico 831.70
BCL Industries 35.98
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