Marico’s consolidated revenue grew in low teens during October-December, hit by slowing consumption across the sector due to continuing inflation. The company expects its gross margin to improve sequentially but remain lower on a year-on-year basis, while its operating margins are expected to be near the levels of the preceding quarter.
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.
