Marico sees Q2 consolidated revenue growth in thirties, eyes festive demand boost

Marico Ltd said on Friday its consolidated revenue growth for the September quarter is expected to be in the “thirties” year-on-year, supported by resilient international performance and benefits from GST rate cuts in parts of its India business.

Marico also projected modest growth in operating profit on a year-on-year basis.

The consumer goods maker said demand trends remained stable through most of the quarter and it expects sentiment to gradually improve during the festive season and beyond.

Around 30% of its India business has gained from GST rationalisation, while its foods and premium personal care segments sustained an accelerated scale-up. business maintained robust momentum, with constant currency growth in the twenties.