From its lows last week, the stock of consumer major Marico is up 7 per cent on the back of a better-than-expected June quarter performance and robust outlook.
In a pre-quarter update, the management indicated that domestic volume growth should witness an improvement in FY25, while other segments (growth portfolio, international business) too would see traction going ahead.
The near-term trigger is strong sales and operating performance for Q1FY25.
While the company indicated that consolidated revenue growth would be in the high single digits, brokerages peg the same at around 7-8 per cent. The growth in the overall business came despite the residual impact of pricing cuts in the Saffola oils portfolio and currency headwinds in overseas markets.
Denne historien er fra July 12, 2024-utgaven av Business Standard.
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Denne historien er fra July 12, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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