 "Production is suspended at Marico's manufacturing units and shall commence only after the government gives approval")
Consumer goods majors Marico and Godrej Consumer Product (GCPL) said in their latest quarterly updates that they would see a sharp revenue decline in the January-March period due to the Covid-19 pandemic and subsequent national lockdown.
Marico said it would see a “modest decline” in its earnings before interest tax depreciation and amortisation (Ebitda) for the March quarter due to an unfavourable product mix, led by high sales in edible oil and food products under Saffola, while other categories were muted in terms of sales.
Marico and GCPL join Bengaluru-based Titan to give an indication of their financial performance for the January-March
