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Our aspiration is to get into double-digit revenue growth: Marico

Livemint

Livemint · 1y ago

Our aspiration is to get into double-digit revenue growth: Marico

Indian consumer goods company Marico reported a 3% increase in volumes for its India business in the March quarter. The company aims to improve its top-line in the coming quarters after experiencing price cuts in its Saffola edible oil portfolio. Marico plans to enhance its direct distribution in rural markets and expand its presence in urban areas. The company also intends to focus on the premium end of its value-added hair oil portfolio and aims to achieve double-digit revenue growth in the future. Furthermore, Marico has set targets to double its food, premium personal care, and digital-first brands over the next three years.

Related News

FMCG players see sluggish growth in general trade channel in December quarter, modern trade channel sees double-digit growth

Thehindubusinessline

Thehindubusinessline · 1y ago

FMCG players see sluggish growth in general trade channel in December quarter, modern trade channel sees double-digit growth

The general trade channel, also known as kirana stores, experienced slow volume growth in single digits in the FMCG sector during the December quarter. On the other hand, modern trade continued to see double-digit growth rates. FMCG companies such as HUL and Marico observed that modern trade outpaced general trade in terms of growth. This divergence between the two channels is attributed to the prevailing consumption pattern and rising costs faced by general trade. FMCG players are also experiencing double-digit growth in the e-commerce channel.

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

Money Control

Money Control · 11m ago

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

- 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.

No one can be stopped from leaving for better incentives: TCS boss Krithivasan

Livemint

Livemint · 1y ago

No one can be stopped from leaving for better incentives: TCS boss Krithivasan

K. Krithivasan, the CEO of Tata Consultancy Services (TCS), expresses optimism about the company's growth in FY25 compared to FY24, citing a steady demand environment and a strong order book of close to $40 billion. He emphasizes the importance of gaining market share and sustaining growth, while also praising the role of Tata Sons chair N. Chandrasekaran as an advisor. Krithivasan discusses talent retention strategies, the importance of campus hiring, and TCS's aspiration to reach $50 billion in revenue by 2030 through double-digit growth.

Marico sees single-digit drop in Q3 revenue

Livemint

Livemint · 1y ago

Marico sees single-digit drop in Q3 revenue

Marico, the maker of Parachute oil, reported a decline in consolidated revenue for the December quarter, although operating profit experienced growth. The company expects a low single-digit increase in domestic volumes, driven by improved demand in urban markets. Marico also mentioned concerns over tepid demand in rural India for consumer goods. However, they expressed optimism for gradual growth in consumption trends in the upcoming year. Marico's international business achieved mid-single digit growth, and they implemented measures to improve returns on investment in their distribution channels.

FMCG makers see weather impact on topline growth in June quarter

YourStory

YourStory · 1m ago

FMCG makers see weather impact on topline growth in June quarter

FMCG companies like Marico, Dabur, and Godrej Consumer predict modest growth in the June quarter, affected by unseasonal rains, short summer, and inflation pressures. Although margins remain below normal, FMCG firms expect single-digit volume growth. While urban demand improves, Godrej anticipates strong value growth, and Dabur's core brands may see robust gains. Marico faces inflation impact but notes demand consistency, especially in rural areas, while international markets deliver notable growth.

Blackstone-controlled Simplilearn aims at operational profitability this year

VCCircle

VCCircle · 1y ago

Blackstone-controlled Simplilearn aims at operational profitability this year

Blackstone-owned edtech startup Simplilearn is targeting operational profitability this year as it looks to achieve double-digit revenue growth. The company, which offers professional certification courses globally, is preparing for a public listing within the next two to three years.

Bottomline: Drools Pet Food crosses $100 mn in revenue but margins under pressure

VCCircle

VCCircle · 4m ago

Bottomline: Drools Pet Food crosses $100 mn in revenue but margins under pressure

Drools Pet Food Pvt Ltd, supported by L Catterton, is estimated to have exceeded $100 million in revenue for FY25. Despite achieving substantial sales growth and maintaining double-digit revenue growth, the company's profitability is likely under pressure due to rising input costs, ongoing capacity expansion, and debt obligations. The Chhattisgarh-based pet food manufacturer faces challenges in balancing revenue growth with maintaining healthy profit margins.

Amid Apple’s record streak in India, iPhone sales in the country hit $10bn | Company Business News

Livemint

Livemint · 6m ago

Amid Apple’s record streak in India, iPhone sales in the country hit $10bn | Company Business News

Apple Inc. achieved an 11th consecutive record quarterly revenue in India, with iPhone sales estimated at $10 billion last year. Apple's growth in India has been propelled by rising iPhone demand and a higher average selling price compared to the market. The company is expanding its presence with four new stores and tapping into enterprise markets. Analysts forecast continued double-digit growth, supported by a potential mid-range iPhone 'SE' launch and other strategic moves.

FMCG cos may report low-to-mid single-digit volume growth in Q4

Livemint

Livemint · 1y ago

FMCG cos may report low-to-mid single-digit volume growth in Q4

FMCG demand sentiment in India remained consistent in the fourth quarter, with urban and rural consumption trends converging. Marico expects a slight uptick in volumes for its India business during this quarter, while Godrej expects high-single digit volume growth. Dabur warns of sluggish demand trends. Analysts predict low-to-mid-single-digit volume growth driven by urban markets. The impact of high inflation on consumption is a concern, particularly in the mass segment. However, analysts anticipate a rebound in volume growth in the coming months. QSRs are expected to report muted demand.

Apple sales fall less than expected, CEO sees return to growth

Economic Times

Economic Times · 1y ago

Apple sales fall less than expected, CEO sees return to growth

Apple's quarterly results exceeded expectations, with a 4% decline in revenue that was better than anticipated. The company also unveiled a record $110 billion share buyback program, leading to a 6% increase in its stock price. Despite challenges in the smartphone market and regulatory pressure, Apple's guidance suggests a possible recovery. The company expects low-single-digit growth in overall revenue for the current quarter and projects double-digit growth for services and iPad revenue. The success of the new MacBook Air and growth in some markets, including China, contributed to Apple's performance.

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