Marico shares surge over 2% on posting high single digit revenue growth in Q2

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Shares of Marico jumped 2.4% to its day’s high of Rs 710 on the BSE following its second-quarter update, where it said the domestic business posted mid-single digit volume growth, exhibiting improvement on a sequential basis.

Amid the negative market sentiment, the stock went up and is currently inching towards its all-time high of Rs 713.


The company expects consolidated revenue growth to move into double digits in the second half of the year.

Parachute coconut oil posted close to mid-single digit volume growth, partially impacted by ml-age reduction in one of the key price-point packs in lieu of a price increase.


The brand recorded double-digit revenue growth, aided by pricing interventions made at the start of the year. It has taken another round of price increase at the end of this quarter given the sequential rise in copra prices.

Saffola Oils posted low single digit revenue growth, while the pricing cycle for the brand turned slightly favourable after 8 quarters.Value Added Hair Oils was subdued amidst competitive headwinds in the bottom of the pyramid segment, but the company expects gradually improving demand trends ahead on the back of visible ATL investments and brand activations across key franchises.Foods and Digital-first brands sustained their visibly strong momentum and scaled up well ahead of aspirations, thereby maintaining the pace of diversification as envisaged.

The International business delivered robust low teen constant currency growth with each of the markets contributing positively.

Bangladesh posted high-single digit growth, demonstrating the strong resilience of our business model amidst a challenging operating environment which has now largely stabilized.

Vietnam also grew in high single digits, while MENA and South Africa maintained their robust double digit growth trajectory.

On Tuesday, Marico shares closed 0.55% higher at Rs 691.55 on NSE.

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