Marico expects double-digit profit jump in Q3 results

Consumer products firm Marico on Friday charted out expectations of its third-quarter earnings, anticipating operating profit growth to touch double digits on a year-on-year basis. Its consolidated revenue growth rose in the high twenties percent from ⁠a year earlier, as easing inflation and tax cuts have boosted sales, the company said on Friday.

The FMCG major is optimistic about improvement in consumption in the quarters ahead, supported by easing inflation, lower GST rates driving affordability, MSP hikes, and a healthy crop sowing season.

Marico expects an uptick in gross margin on a sequential basis, after bottoming out in the second quarter. "We anticipate further gross margin improvement in the coming quarters, driven by the lagged pass-through of lower copra costs," the company said in a statement.


The company has made numerous brand-building investments to strengthen equity of our franchises and drive accelerated portfolio diversification.

Parachute, one of the star products of Marico, continued to demonstrate stellar resilience amid elevated input cost and pricing conditions.

The consumer products major said its premium ‌personal care segment outperformed expectations in Q3.

Marico witnessed a muted quarter in the Saffola cooking oil segment, while its core hair oils segment grew from a year ago.

Underlying volume growth in its India business ‍remained in the high single digits, marking a slight improvement from a quarter ago, ‍the company ⁠said.