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Shares of Marico were down 2 per cent at Rs 331 on the BSE on Friday. The stock has fallen 4 per cent in the past two days, on concerns over weak volume growth in the October-December quarter (Q3FY20). The personal products company's stock was trading close to its 52-week low price of Rs 325, touched on February 18, 2019.
“The India business as a whole posted a marginal decline in volume growth, due to a decline in coconut oil, hair oils and other portfolios. However, the saffola oils and foods portfolio delivered healthy double-digit volume growth,” Marico said
“The India business as a whole posted a marginal decline in volume growth, due to a decline in coconut oil, hair oils and other portfolios. However, the saffola oils and foods portfolio delivered healthy double-digit volume growth,” Marico said
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