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