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.

3 months ago
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