ICICI Direct: Marico’s Strong Growth Momentum Continue In Saffola, Foods   
A worker organises packages of Marico Ltd. products at a department store in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg News)

ICICI Direct: Marico’s Strong Growth Momentum Continue In Saffola, Foods   

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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.

ICICI Direct Report

Marico Ltd. reported a strong set of numbers with 11% domestic volume growth led by continued robust growth in Saffola.

Revenues increased 8.7% to Rs 1,989 crore with domestic, international business seeing growth of 8%, 12%, respectively.

Parachute brand grew 8% with volume increase of 10% supported by constant pricing despite copra prices rising sharply.

Saffola witnessed growth of 16% led by 20% volume growth with trend of consumption shifting from unbranded to healthier proposition brands.

Click on the attachment to read the full report:

ICICI Direct Marico Q2FY21 Result Update.pdf

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