INSUBCONTINENT EXCLUSIVE:
Marico's revenue from operations jumped 34.5 per cent to Rs 2,012 crore.Shares of popular cooking oil maker Saffola and Parachute hair oil -
Marico's profit after tax rose 14 per cent to Rs 227 crore in March quarter from Rs 199 crore during the same quarter last year
Marico's revenue from operations jumped 34.5 per cent to Rs 2,012 crore compared with Rs 1,496 crore during the same period last year
(Track Marico stock price here)"During the quarter Marico's revenue were backed by strong volume growth of 25 per cent in the domestic
business and constant currency growth of 23 per cent in the international business," Marico said in a press release.As macroeconomic
indicators signaled some positivity for most of the quarter, the Company witnessed strong momentum in each of the core portfolios of the
India business while steadily strengthening its play in Foods through innovation, Marico said."Saffola refined edible oils grew 17 per cent
The brand has delivered double-digit volume growth for the sixth consecutive quarter on the back of increased household penetration and
growing relevance of healthy cooking
The Company took price increases in Q4 as well given the sequential inflation in the edible oils table
In H2, the cumulative MRP increase has been 3 per cent," Marico said."Parachute Rigids grew by 29 per cent in volumes in Q4FY21 on a
The brand firmly held its ground, despite a pullback of consumer offers and MRP increase of 4 per cent during the quarter, in response to
the sharp inflation in copra prices
In second half, the cumulative increase in effective consumer prices has been 9 per cent
The brand maintained its stronghold in the branded coconut oil market with the rigid packs gaining market share of 120 bps during the
quarter," Marico added.As of 3:12 pm, Marico shares traded 8.6 per cent higher at Rs 447, outperforming the Sensex which was down 0.12 per
