Marico: Q3 Sees Strong Performance Across Portfolio, Says Nirmal Bang
A worker organizes packages of Marico Ltd. products at a department store in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg News)

Marico: Q3 Sees Strong Performance Across Portfolio, Says 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

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.

Click on the attachment to read the full report:

Nirmal Bang Marico -Company Update -5 January 2021.pdf

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