Motilal Oswal: Marico’s Volume Growth A Surprise; Likely To Remain Healthy
Marico Ltd. health and beauty products are displayed on the shelf of a department store in Mumbai, India. ( photographer Prashanth Vishwanathan/Bloomberg)

Motilal Oswal: Marico’s Volume Growth A Surprise; Likely To Remain Healthy

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.

Motilal Oswal Report

Marico Ltd.’s Q2 FY21 earnings were largely in line, barring the 11% volume growth (versus estimate 7.3%).

Over the past year, the company has witnessed remarkable recovery in its key segments—Parachute, Saffola and more recently in case of value-added hair oil.

Importantly, the outlook remains strong with guidance of 8-10% volume growth in H2 FY21 as well.

Click on the attachment to read the full report:

Motilal Oswal Marico Q2FY21 Result Update.pdf

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