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Marico's profit fell 0.7% to 4.2 billion rupees in Q2 due to higher costs and supply issues, missing estimates despite 31% revenue growth.
Marico's second-quarter profit dipped 0.7% to 4.2 billion rupees amid rising raw material costs and supply issues affecting its Parachute brand, missing estimates.
Revenue surged 31% to 34.82 billion rupees, driven by price hikes, with domestic volumes up 7% and international growth at 20% in constant currency.
Gross margins fell 810 basis points due to inflation and higher expenses, but the company expects improved performance as inflation eases.
Marico plans to expand direct distribution and grow premium personal care and packaged foods to 25% of revenue by 2027.
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La ganancia de Marico cayó un 0,7% a 4,2 mil millones de rupias en el segundo trimestre debido a mayores costos y problemas de suministro, faltando estimaciones a pesar del crecimiento del 31% en los ingresos.