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Expect healthy earnings growth in Q2; outlook positive: Marico
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Expect healthy earnings growth in Q2; outlook positive: Marico
Oct 5, 2020 7:15 AM

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.

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