Weak Q3 may keep Marico's stock under pressure, muted consumption weighs

Brokerages are however positive on medium term growth outlook for core and new areas

Muted consumer sentiment and sluggish rural sales impacted the December quarter (Q3FY22) performance of Marico. The maker of Parachute hair oil in a sales update indicated that volumes in Q3 were flat due to weaker consumption sentiment and a strong base of 15 per cent in the year-ago quarter. The stock fell over 2.3 per cent in trade due to the lacklustre showing.

The company highlighted some of the trends that are affecting the consumer sector, besides inflation and its impact on disposable income. But rising mobility has led to pent-up demand for discretionary goods, services, and out-of-home consumption, according to