Marico Q1 Profit Rises 25% on Strong Demand for Parachute Oils and Foods
Rising incomes and stronger demand for branded cooking and hair oils, packaged foods such as 4700BC popcorn and Saffola oats, and personal care products supported Marico’s results in India. Despite the Middle East war lifting crude-linked input costs, copra prices were 45% below their peak. Q1 profit rose 25% to 6.3 billion rupees and revenue climbed 23% to 39.57 billion rupees, with India sales volume up 11%.
Coverage (4)
- Marico to prioritise margins over volumes in certain segments (economictimes.com)
- India's Marico beats quarterly profit view as Parachute oil maker sees strong demand (reuters.com)
- Marico raises ad spends 25% as Q1 revenue jumps 23% to Rs. 3,957 crore (afaqs.com)
- Marico Q1 Profit Jumps 27% to ₹652 Cr on Strong Volumes (hdfcsky.com)