Marico Management Meet Update - Confidence On Growth Delivery Intact: Nirmal Bang

A worker organizes packages of Marico Ltd. products at a department store in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg News).

Marico Management Meet Update - Confidence On Growth Delivery Intact: Nirmal Bang

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.

Nirmal Bang Report

We recently hosted the management of Marico Ltd. at our virtual investor conference to get an update on the overall operating environment and demand trends being witnessed on ground.

While the company witnessed extension of demand momentum seen in Q4 FY21 into the first 20 days of April 2021, it saw some softening in momentum from the latter part of April 2021 due to sporadic lockdowns amid second Covid-19 wave.

So far in Q1 FY22, the quarter is tracking well against management expectations and the company expects normalcy by mid-June 2021 as the number of new Covid-19 cases is reducing across the country.

Click on the attachment to read the full report:

Nirmal Bang Marico Limited- Management Meet Update-9 June 2021.pdf

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