Marico expects to deliver a healthy earnings growth for the July-September quarter. In a filing with the stock exchanges, the company said that the outlook was positive for the rest of the year.
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The quarter saw a partial revival in consumer sentiment, with rural markets performing better than the urban markets.
The company said its distribution network has rebounded to near pre-COVID levels, and that both traditional trade channels as well e-commerce were driving sales. Also, advertisement spends were back to pre-COVID levels.
Saffola Oils delivered strong volume growth in line with the numbers seen over the last few quarters.
In the value added hair oil portfolio, growth has resumed after a decline in the June quarter, the company said.
International business has seen a mid-single digit growth in constant currency terms, with the Bangladesh market logging double digit growth.