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Marico expects a mid-teen revenue boost, driven by cooking oil sales in rural India, despite profit growth challenges.
Marico, an Indian consumer goods company, forecasts a mid-teen percentage rise in its quarterly revenue, driven by increased rural demand for its cooking oil brands Parachute and Saffola.
Despite a slowdown in branded goods, cooking oil sales remained robust.
However, the company anticipates a gross margin contraction and modest profit growth due to higher raw material and expansion costs.
Marico's international business, which makes up 25% of its revenue, is also seeing mid-teen growth.
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Marico espera un aumento de ingresos a mediados de la adolescencia, impulsado por las ventas de aceite para cocinar en las zonas rurales de la India, a pesar de los desafíos de crecimiento de las ganancias.