Input costs and demand concerns may impact Marico in the near term

March quarter performance is expected to be strong on low base, price hikes

With a double-digit volume growth for the third consecutive quarter as well as price hikes, demand trends continue to be robust for Marico. In a recent update, the company indicated a ‘very strong double-digit volume growth’ on a low base for the India business which accounts for three fourths of its overall revenues. Price hikes taken to offset the rise in input costs is expected to keep the revenue growth at elevated levels.

Mihir P Shah and Abhishek Mathur of Nomura Research expect the company to report a consolidated revenue growth of 20 per cent. This is better than the