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Motilal Oswal Report
Marico Ltd.'s quarter was characterised by slowing consumption patterns, which affected the sector as a whole. This was largely due to-
continued inflation impacting overall disposable incomes as well as,
rising mobility unleashing some degree of pent-up demand for discretionary goods, services, and out-of-home consumption.
Consolidated revenue growth was in the low teens during the quarter.
The company's India's revenue growth was in the double digits during the quarter, while volumes were flat, weighed by weaker consumption sentiment and a strong base. Rural demand was also sluggish, albeit optical, to an extent, given the high base.
Marico's international business delivered constant-currency growth in the high teens on a healthy base.
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