Marico - Strong Demand Revival Across Categories In Q3: Dolat Capital
Marico Ltd. health and beauty products are displayed on the shelf of a department store in Mumbai, India. ( photographer Prashanth Vishwanathan/Bloomberg)

Marico - Strong Demand Revival Across Categories In Q3: Dolat Capital

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.

Dolat Capital Report

Marico Ltd.’s Q3 FY21 revenues and Ebitda exceed, but adjusted profit after tax came in line with our estimates. India business posted 18% revenue growth with 15% volume increase.

Value added hair oil reported 21% value and volume growth - double digit volume growth after ten consecutive quarters.

Sustainability of double digit growth would be key for margin performance, going ahead.

Saffola continues to outperform with 26/17% value/volume growth.

Consumer up-stocking helped the brand to post better growth during the quarter

Click on the attachment to read the full report:

Dolat Capital Marico Q3FY21 Result Update.pdf

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.