Uncertain growth outlook across key categories may be a drag on Marico

However, some brokerages are cautious about growth trends though the company is better placed than peers on the raw material front

Cuts in earnings estimates and near-term volume outlook worries have weighed on the stock of Marico which has slipped about 6 per cent from its weekly highs. While March quarter results were in line with expectations and market share gains were positives, weak volume growth across key categories and sluggish rural sales are the key concerns in the near term. 

While the overall Saffola franchise grew 17 per cent led by a similar growth in its foods business, Saffola edible oil segment reported flat volume growth. Parachute rigid hair oil volumes too were impacted falling 1 per cent on weak