Marico’s domestic business in the January-March quarter stayed relatively firm, helped by low single-digit revenue growth and marginally positive volumes. The company expects a marginal growth in profits in Q4 due to a rise in input costs and higher advertising and promotional spending.
During the quarter, consumption trends remained subdued amid weak rural sentiment and inflation in global commodities due to geopolitical tensions. While companies affected price hikes across FMCG categories to cope with the cost-push, persistent inflation continued to hurt consumer wallets across rural and urban.
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.
| Company Name | CMP |
|---|---|
| AWL Agri Business | 206.65 |
| Patanjali Foods | 462.10 |
| Gokul Agro Resources | 238.35 |
| Marico | 831.70 |
| BCL Industries | 35.98 |
| View more.. | |
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