Marico gains 4% on hopes of improved operating margin in Q4

Marico said the operating margin is expected to improve moderately as pressure from input costs eased and operating leverage benefits kicked in

Marico shares were up 4 per cent to Rs 359 on the BSE in early morning trade on the hopes of improved operating margin in the March quarter (Q4FY19).

Operating margin is expected to improve moderately as pressure from input costs eased and operating leverage benefits kicked in, the personal products company said in a quarterly update, on Tuesday after market hours.

Marico said that during the fourth quarter they have witnessed stable demand conditions and healthy offtake growth on the back of the competitive strength of franchise.

While rural grew ahead of urban in the traditional channel, we believe