Despite profit rise, inflation woes linger for Marico
Marico Ltd, which beat estimates in Q2, flagged concerns regarding food price hikes and retail inflation on Tuesday in its Q2 exchange filing. The homegrown FMCG further noted that these concerns will be monitored in the near term.
However, the company expects encouraging demand trends owing to above-normal monsoon season, the Centre's budgetary allocations towards boosting the rural economy and upcoming festive season.
«Amidst the backdrop of improving macro-indicators, we expect a gradual uptick in the growth of our core categories in the domestic business through the ongoing initiatives to enhance the profitability of our General Trade (GT) channel partners and transformative expansion in our direct reach footprint under Project SETU,» it said in its filing.
Marico, which owns popular brands like Saffola, Parachute, Livon, etc, also announced that it will continue its focus on driving differential growth in the urban-centric and premium portfolios through organised retail and e-commerce channels.
Meanwhile, the Harsh Mariwala-led company's international business saw a reduced dependency on Bangladesh as a result of growing momentum in its Middle Eastern, North African, and South African markets. However, Bangladesh and Vietnam continued to lead the forefront in Marico's international trade.
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
By — Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI
Artificial Intelligence(AI)
Mastering C++
