Results▲ Bullish for Marico
Marico Q2 Update: Co optimistic of surpassing near-term guidance, sees margin improvement; Stock gains
The brief
- Marico expects to surpass near-term guidance and sees margin improvement
- Parachute Coconut Oil volumes grew in the early teens; Saffola Oil saw mid-single-digit price-led growth
- Improving margins and brand growth are positive signals for Marico investors
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Marico sees strong Q2 growth and improving margins
Marico expected double-digit Q2 FY27 revenue growth, citing firm domestic demand, strong premium hair oils, double-digit India volumes and gains in international business. Parachute Coconut Oil recorded early-teens volume growth, while Saffola Oil saw mid-single-digit price-led growth.
Monday, 5 October
- Marico Q2 Update: Co optimistic of surpassing near-term guidance, sees margin improvement; Stock gains