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Marico sees single-digit volume growth on rural demand; crude oil a 'potential uncertainty'

Money Control · 1m

- Marico has seen a mid-single digit volume growth in the September quarter in its domestic business, with rural demand outperforming urban demand for the third quarter in a row. - The company expects a double-digit revenue growth for the year and will closely monitor inflation in copra prices, duty hike in vegetable oils, and potential uncertainty in crude prices. - Marico's Value Added Hair Oils business saw subdued growth due to increased competition in the bottom of the pyramid segment, but the demand outlook remains positive. - Parachute Coconut Oil witnessed close to mid-single digit volume growth, partially impacted by the reduction in one of its key price-point packs. - The Saffola brand recorded low single-digit revenue growth, indicating stable input and consumer pricing with a slightly favorable pricing cycle.