Healthy growth outlook, market share gains positive for Marico

Marico may buck the industry trend with the fast-moving consumer goods (FMCG) major reporting strong growth and favourable commentary in a weak quarter for the industry.

- DEVANGSHU DATTA

The company reported consolidated revenue growth of 8 per cent year-on-year (Y-o-Y) in Q2FY25.

Domestic revenue growth was 8 per cent Y-o-Y with 5 per cent volume growth (4 per cent in Q1FY25).

International growth was 6 per cent Y-o-Y (13 per cent in constant currency or CC).

The 13 per cent CC growth in international business saw Bangladesh (8 per cent growth) Middle East and North Africa (MENA) (43 per cent), South Africa (20 per cent) and Vietnam (7 per cent) all contributing towards it.

Marico's Parachute coconut oil posted 10 per cent Y-o-Y growth in value with 4 per cent Y-o-Y growth in volume.

A 4 per cent price hike was also seen at the quarter's end.

Parachute gained 110 basis points (bps) market share.

Value-added hair oil revenue was down 8 per cent Y-o-Y due to weakness in the segment.

Saffola oil had almost flat volume growth, with revenue growing 2 per cent.

The foods segment recorded strong growth of 28 per cent.