Marico, GCPL expect single-digit growth

FORECAST FOR MARCH QUARTER

- VIVEAT SUSAN PINTO

CONSUMER GOODS COMPANIES Marico and Godrej Consumer (GCPL) expect consolidated sales growth in the March quarter (Q4) to be in low-to-mid single digit, the two companies said in their quarterly updates on Friday.

While Marico maintained that demand sentiment was consistent in Q4 vis-a-vis the preceding quarters, GCPL said that operating conditions were subdued during the period.

On Thursday, peer Dabur India had pointed to sluggish FMCG demand in Q4, which would see it log mid-single digit revenue growth during the period, compared with a 7% rise in the December quarter and a 7.3% jump in the quarter before that.