Marico Q4 Review - Ideal Mix Of Growth, Value: Prabhudas Lilladher
A worker organises bottles of Marico Ltd. coconut hair oil products at a department store. (Photographer: Prashanth Vishwanathan/Bloomberg News) 

Marico Q4 Review - Ideal Mix Of Growth, Value: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Marico Ltd. reported robust volume growth across categories while gross margins disappointed due to inflation in key raw material prices.

Although we expect volume growth to trend lower and margin pressure to sustain for next two to three quarters, outlook remains positive on account of -

1. strategy to push volumes working in high inflationary environment in Parachute and value added hair oil

2. Improved competitive positioning of Saffola with double digit growth from six quarters,

3. Opportunity in foods business with target of Rs 8.5 billion revenue by FY24 and

4. Focus to increase rural reach by 25% in next two years.

Click on the attachment to read the full report:

Prabhudas Lilladher Marico Q4FY21 Result Update.pdf


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