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Yes Securities Report
The key positives of Marico Ltd.'s for the quarter were market share gains in Parachute rigids despite category decline of 4% and strong performance from the International business.
Saffola edible oil growth normalised from a high base while recovery momentum continued in premium personal care portfolio and foods business achieved the aspiration of Rs 5 billion turnover in FY22.
With launch of Saffola peanut butter and Mayonnaise, Marico expanded total addressable market to Rs 60 billion for foods portfolio aided by entry in new segments like honey, noodles and soya chunks.
Company is also focusing on digital‐first brands with an aspiration of reaching Rs 4.5‐5 billion revenue by FY24 via both organic and inorganic means.
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