Key Points
Towards the end of the December quarter, Marico initiated significant steps towards improving the ROI of its general trade channel partners while structurally re-igniting growth in the channel..
This included a primary stock correction for its channel partners.ETMarkets.com..
Marico saw low single-digit growth in domestic volumes on a year-on-year basis during the third quarter ended December..
Among key inputs, copra and edible oil prices remained at lower levels and crude derivatives also exhibited some downward bias, thereby leading to robust gross margin expansion on a year-on-year basis...
Consequently, the company said it expects low double-digit operating profit growth on the back of a healthy expansion in operating margin, staying on track to deliver on the margin guidance for the full year...
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Marico sees single-digit drop in Q3 revenue
05, Jan, 24The maker of packaged consumer goods, however, said it expects a slight jump in domestic volumes for the festival quarter and low double-digit growth in operating profit