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Marico Limited (MARICO.NS)

509.30

-0.85

(-0.17%)

At close: April 24 at 3:30 PM GMT+5:30

India's Marico forecasts revenue growth in Q4 after three quarters of fall, shares up

Indian consumer goods manufacturer Marico expects revenue growth in the March quarter after logging three straight quarters of fall, as demand for fast-moving consumer goods stayed consistent compared to the previous quarters, it said on Friday. The company said it eyed revenue growth as a percentage in the low-single digits and added that it expected consolidated revenue growth to trend upwards in the upcoming quarters. Consumer goods makers have grappled with subdued sales in rural areas in recent quarters as people cut back spending on both essentials and discretionary items amid price pressures.

Reuters 19 days ago

MARICO.BO
India's Marico, Adani Wilmar say Q3 revenue down on lower demand, prices

BENGALURU (Reuters) -Indian consumer companies Marico and Adani Wilmar on Friday said revenue in the third quarter ended Dec. 31 fell from a year ago due to lower demand and selling prices. While Marico said its revenue declined in the low single digits on weaker rural demand, Adani Wilmar said its revenue fell 15%, impacted by lower pricing of edible oils. Marico, which makes personal care products such as Parachute coconut oil, said its domestic volumes grew in low single digits from a year ago.

Reuters 3 months ago

MARICO.BO
India's Marico misses profit estimates as rural demand drags

India's Marico reported quarterly earnings below market expectations on Monday, as the consumer products maker failed to spur demand in the inflation-stung rural centres. Marico's net profit rose 17.3% to 3.53 billion rupees ($42.4 million) in the July-September quarter, but missed analysts' average estimate of 3.57 billion rupees, according to LSEG data. Demand for branded goods is yet to bounce back in India's hinterlands due to rising food prices and below-normal rainfall although lower copra and vegetable oil prices have allowed Marico and rival Adani Wilmar to slash prices.

Reuters 5 months ago

MARICO.BO
India's Marico expects Sept-qtr revenue to dip on rural recovery drag

Indian consumer goods maker Marico said on Wednesday its revenue for the second quarter dipped as rising food prices and below-normal rainfall distribution delayed recovery in rural demand. Revenue in the quarter was marginally lower on a year-on-year basis, dragged by pricing corrections in key domestic portfolios over the last 12 months, which will progressively come into the base going ahead, Marico said. Marico, in its quarterly update, added that consumption trends are expected to improve in the second half of the fiscal year amid signs of cooling inflation, healthy sowing season, easing liquidity pressures and government spending.

Reuters 6 months ago

MARICO.BO
India's Marico to buy 58% stake in plant-based brand for $45 million

Indian consumer goods company Marico said on Wednesday it will acquire a 58% stake in Satiya Nutraceuticals, which owns a plant-based nutrition brand, for 3.69 billion rupees ($45 million). Marico, owner of the Parachute oil brand, has so far bought a 32.75% stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in tranches by May 2025. "This deal will expand Marico's total addressable market in the value-added foods and nutrition segments as well as presence in the rapidly growing Health & Wellness category," the company said in a statement.

Reuters 8 months ago

MARICO.BO
India's Marico expects June quarter revenue drop on sluggish rural demand

India's Marico said on Wednesday its consolidated revenue for the June quarter fell in the low-single digits percentage range, dragged by sluggish sales in rural markets and a move to cut prices of its Saffola edible oil. "Signs of improvement on a sequential basis were not clearly visible ... the anticipated pickup in rural demand remained elusive," Marico said in a statement. Marico saw sales rise 1.3% in the same quarter last year.

Reuters 9 months ago

MARICO.BO

Performance Overview

Return	MARICO.NS	S&P BSE SENSEX
YTD	-5.97%	+2.23%
1-Year	+9.60%	+23.80%
3-Year	+29.46%	+54.25%

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Marico Limited (MARICO.NS)

India's Marico forecasts revenue growth in Q4 after three quarters of fall, shares up

India's Marico, Adani Wilmar say Q3 revenue down on lower demand, prices

India's Marico misses profit estimates as rural demand drags

India's Marico expects Sept-qtr revenue to dip on rural recovery drag

India's Marico to buy 58% stake in plant-based brand for $45 million

India's Marico expects June quarter revenue drop on sluggish rural demand

Performance Overview