BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
In Q2 FY22, Marico Ltd. witnessed improving demand trends across categories with the unlocking of the economy.
Revenue growth in the quarter was in the low 20s, with volume growth close to the double digits on a two-year compound annual growth rate basis.
Parachute coconut oil delivered an in-line performance with medium-term aspirations. Value added hair oils posted double-digit volume growth.
Within Saffola franchise, Saffola edible oils had a muted quarter, largely due to volatility in edible oil prices leading to trade destocking.
The foods and premium personal care portfolios continued to grow smartly.
Marico has done very well in honey and noodles, with encouraging response.
The International business delivered double-digit constant-currency growth as positive trends were witnessed in all markets (excluding Vietnam).
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