Nirmal Bang: Saffola Franchise And Cost Savings To Support Marico’s Earnings Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.We recently interacted with Mr. Pawan Agarwal, Chief Financial Officer, Marico Ltd. in order to get an update on the overall operating environment and demand trends being witnessed on ground.After witnessing YoY volume growth in May-June 2020, company’s domestic business has seen growth in July 2020 and August 2020 as well.It has been primarily led by the Saffola franchise (Edible Oils and Foods), partially by coconut oil and new launches made in the health and hygiene space.On the international front, Bangladesh has managed to remain on a firm footing. Copra prices had seen a slight uptick in July-August 2020, which was due to festive demand.The management expects copra prices to correct in the coming months and to be flattish for the year.We believe benign copra prices along with tight cost-control program (targeting Rs 1.5 billion savings) should support margin expansion in FY21. .Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

Nirmal Bang: Saffola Franchise And Cost Savings To Support Marico’s Earnings Growth

Nirmal Bang: Saffola Franchise And Cost Savings To Support Marico’s Earnings Growth

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