You are here: Home » Companies » News
Business Standard

Marico expects to deliver low double-digit bottomline growth in Q4

Marico said it has witnessed healthy momentum building across its key portfolios and expects low double-digit bottomline growth in the fourth quarter last fiscal after being impacted by the pandemic

Topics
Marico | Coronavirus | FMCGs

Press Trust of India  |  NewDelhi 

Representative Image
Representative Image

FMCG major on Monday said it has witnessed healthy momentum building across its key portfolios and expects low double-digit bottomline growth in the fourth quarter last fiscal after being impacted by the COVID-19 pandemic.

Marico, in a quarterly update for the quarter ended March 31, 2021, said its India business delivered a very strong double-digit volume growth, albeit on a low but relatively stronger base when compared to key peers in the sector.

"Revenue growth in Q4 was even higher than volume growth due to pricing interventions in key portfolios to partially alleviate the significant input cost-push during the period," it added.

The company, however, said it expects its operating margin to fall due to input cost pressures.

"As operating margin is likely to dip significantly owing to the severe input cost pressure, the company expects to deliver low double-digit bottomline growth in the quarter (Q4). While the input cost environment has turned challenging in the short term, the company expects these trends to be transient and correct from Q2 next year," the company said.

said in the last quarter of the previous fiscal, the FMCG sector continued to exhibit improving demand trends as quarterly economic growth has moved into positive territory and the COVID-19 vaccination rollout gathered pace.

"However, as we keep a watchful eye on the evolving situation post the current COVID surge, the company is adequately prepared to tackle any disruptions in the business environment on account of the same. In the given context, the company also witnessed healthy momentum building across its key portfolios," the company said.

As per Marico, general trade put up a strong show led by rural growth and e-commerce continued to gain salience.

"Modern Trade was affected by the high base on account of the pre-lockdown pantry loading in March last year but has been in recovery mode. CSD rebounded to post healthy growth," it added.

said its international business, too, posted strong double-digit constant currency growth on the back of recovery across markets.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, April 05 2021. 18:34 IST
RECOMMENDED FOR YOU
.