 "FMCG, Marico, Parachute")
Continued recovery in Marico’s core portfolio, scaling up of its foods business and improvement in international business have driven shares of the Parachute and Nihar hair oil maker to all time high. The stock touched Rs 420.50 this month, and is currently around Rs 405 levels.
Marico positively surprised the Street after reporting one of the highest volume growth of 9 per cent among consumer staples players in the September quarter (Q2). This demand momentum, which comes after three consecutive quarters of negative volume growth, is seen continuing in the quarters ahead as the consumer spending on discretionary items regains at
