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