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Marico Misses Q3 Profit View on Higher Raw Material Costs
Hindustan Times Jammu
|February 01, 2025
Indian consumer goods maker Marico reported a smaller-than-expected quarterly profit on Friday, as higher raw material costs and marketing spends overshadowed price increases-led growth.
Rising prices of raw materials including copra and vegetable oil weighed on the Parachute coconut oil maker's profits, while the company also faces intense competition and continues to spend heavily on marketing and advertising.
Marico's expenses rose 17.7% to ₹2,318 crore ($267.54 million) during the third quarter ended December 31.
This story is from the February 01, 2025 edition of Hindustan Times Jammu.
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