Marico Cuts Parachute Coconut Oil Price 16.7% As Copra Slides; Hikes Jasmine 11%
Marico drops 1L Parachute to Rs 450 from Rs 540 as copra costs fall ~20% QoQ, while raising Jasmine 90ml by 11.1% to Rs 50 on paraffin inflation. Parachute drives ~32% of revenue; value-added hair oils ~13%. EBITDA guided at 19-20%.
Marico cut Parachute coconut oil prices 16.7% as copra costs fell ~20% QoQ, while raising Jasmine hair oil prices 11.1% on rising paraffin costs, reflecting divergent input trends across its portfolio.