Marico sees Q3 revenue rise on cooling inflation, tax cuts

HOMEGROWN FMCG PLAYER Marico on Friday said it has witnessed "steady demand" trends during the December quarter and remain "optimistic" about a gradual improvement in consumption in the quarters ahead.

- PRESS TRUST OF INDIA

This is supported by easing inflation, lower GST rates driving affordability, MSP hikes, and a healthy crop sowing season, Marico said in its December quarter updates to the bourses.

"During the quarter, underlying volume growth in the India business remained in high single digits, while marking a slight improvement on a sequential basis," it said.

"Consolidated revenue growth on a year-on-year basis stood in the high twenties, poised to achieve our full year aspiration," Marico said.