Marico expects to deliver low double-digit bottomline growth in Q4
5th Apr 2021

Marico has witnessed healthy momentum building across its key portfolios and expects low double-digit bottomline growth in the fourth quarter last fiscal after being impacted by the COVID-19 pandemic. Its India business delivered a very strong double-digit volume growth, albeit on a low but relatively stronger base when compared to key peers in the sector.

Revenue growth in Q4 was even higher than volume growth due to pricing interventions in key portfolios to partially alleviate the significant input cost-push during the period. The company, however, it expects its operating margin to fall due to input cost pressures.

Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.