Key Points
The underlying volume growth was 3% during the quarter with demand trends in the domestic FMCG sector largely in line with the preceding quarter...
The company said while urban sentiment improved sequentially, instances of higher food inflation and uneven rainfall distribution led to a slower-than-expected pace of recovery in rural demand...
Marico said with commodity inflation largely in check and price cuts implemented across categories, the company is optimistic about a gradual recovery in sectoral volume growth, aided by range-bound retail inflation, onset of the festive season and continued government spending...
The India business delivered a turnover of Rs 1,832 crore, down 3% on a YoY basis, lagging volume growth due to price corrections in key portfolios in the last 12 months...
In a statement, Saugata Gupta, MD & CEO, Marico, said, The domestic and overseas businesses have delivered a fairly resilient performance amidst a challenging operating environment in the first half of the fiscal..
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