IDBI Capital: Marico Q2 Review - Strong Recovery Across All Segments
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.
IDBI Capital Report
Marico Ltd.’s Q2 FY21 result was in line with our estimates. Strong recovery witnessed across all categories (essential and discretionary).
Food portfolio grew fastest (up 55%YoY) followed by Saffola (up 20%YoY) and Coconut Oil (up 10%YoY).
Positively, value added hair oils returned back to growth trajectory after three consecutive quarter of decline.
Traditional trade and e-commerce continued to outperform. Revenue from rural India grew faster than urban India.
Input cost remained largely inflationary and is likely to remain-so up-till Q3 FY21.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.