FMCG maker Marico on Friday reported a "sequential uptick" in domestic volume growth for the December quarter, but said its operating profit growth will be 'modest' due to higher input costs.Marico expects a "higher-than-anticipated gross margin contraction" as key inputs faced 'higher-than-expected' inflation, said the homegrown firm, which is the maker of Saffola, Parachute, Hair & Care, Nihar and Livon etc.Among key inputs, copra prices remained firm at higher-than-expected levels and vegetable oil prices moved up during the quarter, while crude oil derivatives remained range-bound, it said."The rising trend in input costs is expected to result in a higher-than-anticipated gross margin contraction on a year-on-year basis, as the company continues to favour consumer franchise expansion in the current environment," Marico said.While its international business delivered broad-based mid-teen constant currency growth.

Sequential Uptick, Operating Profit Growth to Be 'Modest' as Higher Input Costs Impact Q3: Marico

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.