The economic growth slowdown is a "reality" but all should keep a forward-looking approach to come out of it, he told PTI
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Analysts say, price cuts and benign copra prices would improve performance in March quarter, while international business too provides support
Market at this level will witness stock specific movement with trend of all periodicities continuing to be positive
Saugata Gupta of Marico to be independent director, while Vipin Sondhi, formerly of JCB, will join Hinduja Group's leadership team
Stock tanks on flat top line in the September quarter, even as benign copra prices save the day, leading to a 16 per cent rise in pre-tax profit
"The company had a soft second quarter in the face of a challenging liquidity and consumption environment in the domestic market, the management said
Analysts estimate low single-digit volume growth, the lowest since June 2017 quarter; companies will need to clock double-digit volume growth in second half to touch FY19 levels
While the company may lower its FY20 volume growth guidance amid muted offtake in September quarter, benign copra prices should push up profit margins
Marico has evolved from a two-product company into a diversified consumer goods player
Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown
The company aims for a volume growth of 8-10 per cent and a topline growth of 13-15 per cent, subject to inflation, over the medium term.
Company unlikely to take up price cuts for flagship Parachute brand
The company's revenue from operations during Q1 stood at Rs 2,166 crore, up 6.8 per cent
The volume push would also get support from the new-age distribution channels such as e-commerce
Greater thrust on urban premiumisation, higher sales from online and modern trade and lower rural exposure helped insulate the company
For the 2018-19 fiscal, the company posted a net profit of Rs 1,135 crore, up 37.24 per cent from Rs 827 crore in 2017-18
Benefits from benign copra prices to be used in advertising spends
The key to unlocking the potential of the digital sales lies in creating differentiated offerings for buyers who are both aspirational and self-assured about their brand choices
Impact of rising market share on margins will interest investors