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.
Systematix Research Report
We believe Marico Ltd.’s business is entering its strongest phase given -
1. Parachute Coconut Oil’s (38% of FY21 India sales) strong market leadership and brand equity is enabling sustainable growth (management target of 5-7% volume growth in the medium term),
2. added hair oil – 22% of FY21 India sales) is expected to witness a revival in growth rates (management expects double-digit growth in the medium term) aided by focus on the bottom-of-the-pyramid and higher rural distribution,
3. Saffola edible oil (~22% of FY21 India sales) is expected to continue its strong growth momentum led by an increase in household penetration and increased relevance of healthy cooking.
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