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FMCG major Marico said on October 3 said it sees its second quarter consolidated revenue growing at about 30% year-on-year, driven by price hikes and higher sales of its premium hair oils.

Revenue from operations grew 8% in the year-ago quarter.

The firm said the underlying volume growth moderated sequentially and had to absorb impact of channel disruption in September due to GST cuts.

Packaged cooking oils, a staple in households, have largely weathered a slowdown in urban demand that has dented the sales of other consumer conglomerates over the last few quarters.

Its core hair oils segment saw volumes decline, hurt by a 60% price hike that was necessitated by surging

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