Marico Posts Broad-Based Q1 Growth, Warns of El Nino and Inflation Risks Ahead
Marico's Q1 update flags double-digit India volume growth led by Parachute, twenties revenue growth in VAHO, and mid-teen international growth. Margins improve as copra prices fall ~45% from peak, but management cautions on El Nino and inflation as key risks for the coming quarter.
Marico's Q1 update signals strong broad-based growth, double-digit India volume growth led by Parachute, mid-teen international growth, and improving margins on lower copra costs, but flags El Nino and inflation as risks for coming quarters.