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Marico reports low-single digit growth in domestic volumes in Q2 FY24

05 Oct 2023 Evaluate

Marico’s domestic volumes grew in low-single digits on a year-on-year basis in Q2 FY24, with low single digit volume growth in Parachute Coconut Oil and Saffola Edible Oils, and low single-digit value growth in Value Added Hair Oils. The company continued to witness healthy trends in offtakes, market share and penetration across key franchises. The newer portfolios, Foods and Premium Personal Care (including Digital-First) remained on course to achieve full year aspirations.

The International business delivered double-digit constant currency growth, thereby exhibiting sustained resilience amidst a volatile global operating environment. Consolidated revenue was marginally lower on a year-on-year basis, dragged by pricing corrections in key domestic portfolios over the last 12 months, which will progressively come into the base going ahead. Moreover, currency depreciation in some of the overseas markets had an adverse effect on the reported INR growth in the international business.

Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space.


Marico Share Price

827.85 13.15 (1.61%)
07-May-2026 16:01 View Price Chart
Peers
Company Name CMP
AWL Agri Business 212.00
Patanjali Foods 460.50
Gokul Agro Resources 237.25
Marico 827.85
BCL Industries 36.00
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