Marico Maintains Growth Amid Rising Costs

Marico reported a boost in domestic volume growth for the December quarter but faced modest operating profit growth due to high input costs. Despite inflation pressures, the company sustained double-digit growth, particularly in international markets. Brand investments and strategic pricing aided domestic revenue growth.

Leading FMCG maker Marico reported a "sequential uptick" in domestic volume growth for the December quarter, although it acknowledged modest growth in operating profits due to higher input costs.

The company noted that inflationary pressures led to a "higher-than-anticipated gross margin contraction," with input costs like copra and vegetable oil prices exceeding expectations.

International operations, particularly in Bangladesh and South Africa, showed strong resilience with double-digit growth, aiding consolidated mid-teen revenue growth on a year-on-year basis.

(With inputs from agencies.)