Marico Q4 Review - All Growth Engines Firing: Systematix
Marico Ltd. health and beauty products are displayed on the shelf of a department store in Mumbai, India. ( photographer Prashanth Vishwanathan/Bloomberg)

Marico Q4 Review - All Growth Engines Firing: Systematix

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.

Systematix Research Report

We believe Marico Ltd.’s business is entering its strongest phase given -

1. Parachute Coconut Oil’s (38% of FY21 India sales) strong market leadership and brand equity is enabling sustainable growth (management target of 5-7% volume growth in the medium term),

2. value added hair oil – 22% of FY21 India sales) is expected to witness a revival in growth rates (management expects double-digit growth in the medium term) aided by focus on the bottom-of-the-pyramid and higher rural distribution,

3. Saffola edible oil (~22% of FY21 India sales) is expected to continue its strong growth momentum led by an increase in household penetration and increased relevance of healthy cooking.

Click on the attachment to read the full report:

Systematix Marico - Q4FY21 - Result Update.pdf


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 author entity and do not represent the views of BloombergQuint.

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