Marico's Q2 update resurfaces: high-single-digit India volume growth despite GST disruption
Resurfacing an early-October disclosure, Marico said GST-led channel disruption tempered its India business in Q2, but volume growth remained in the high single digits. Saffola Oils and value-added hair oils grew in the high teens, while Parachute volumes declined in low single digits amid input-cost inflation.
Marico reported high-single-digit India Q2 volume growth despite GST-led channel disruption. It passed tax cuts to consumers, expects modest operating-profit growth, and sees festive demand improving. Parachute volumes fell amid input inflation, while hair oils and digital-first brands continued growing.