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This Article is From Oct 29, 2020

Motilal Oswal: Marico’s Volume Growth A Surprise; Likely To Remain Healthy

Motilal Oswal: Marico’s Volume Growth A Surprise; Likely To Remain Healthy
Marico Ltd. health and beauty products are displayed on the shelf of a department store in Mumbai, India. ( photographer Prashanth Vishwanathan/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Marico Ltd.'s Q2 FY21 earnings were largely in line, barring the 11% volume growth (versus estimate 7.3%).

Over the past year, the company has witnessed remarkable recovery in its key segments—Parachute, Saffola and more recently in case of value-added hair oil.

Importantly, the outlook remains strong with guidance of 8-10% volume growth in H2 FY21 as well.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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