Input costs help Marico's earnings, will help company meet growth target

The volume push would also get support from the new-age distribution channels such as e-commerce

A supportive input cost environment has put consumer products company Marico in a sweet spot, and that too at a time when the Street is still waiting for a revival in consumption demand.

The stock of Marico has gained about 9 per cent in the last three months, outperforming the S&P BSE FMCG (fast moving consumer goods) index, which is down one per cent during the same period. 

Copra is a key raw material accounting for 40-50 per cent of Marico’s raw material cost. The price of copra is down 10 per cent from the March-2019 levels and