Marico, an Indian consumer goods manufacturer, anticipates revenue growth in the March quarter after experiencing three consecutive quarters of decline. The company foresees low-single-digit percentage revenue growth and expects consolidated revenue to increase in subsequent quarters. Despite subdued sales in rural areas due to spending cuts, Marico’s update caused its shares to rise by 3%, becoming the top gainer on the Nifty FMCG index. Additionally, Marico forecasts a low double-digit percentage growth in operating profit and significant expansion in gross margins. Its Saffola brand witnessed mid-single-digit volume growth, while international operations saw double-digit growth. This outlook follows Marico’s better-than-expected profit in the previous quarter, primarily due to declining raw material costs.
Marico Expects Revenue Growth in March Quarter, Shares Rise
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/06110836/1712307479-9357-ezgif.com-webp-to-jpg-converter.jpg)