Marico: Q3 Sees Strong Performance Across Portfolio, Says Nirmal Bang
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Nirmal Bang Report
Marico Ltd. released an update to provide a summary of the operating performance and demand trends witnessed in Q3 FY21.
The company witnessed a faster-than-expected recovery in consumer sentiment in the domestic business, led by the festive season and a declining Covid-19 graph.
The domestic business (75% plus of the company’s revenue), has recorded double-digit volume and revenue growth during the quarter.
International business has registered high single-digit constant currency growth, led by double-digit growth in Bangladesh (in constant currency terms) along with recovery in a few other markets.
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