Marico Limited — Important, 03-07-2025: General Updates

Marico has announced a board meeting to approve the financial results. The India business saw multi-quarter high volume growth driven by core franchises and new businesses. Parachute volumes dipped slightly due to input cost pressures but remained stable after normalizing pack sizes. Saffola Oils reported revenue growth in the high twenties with mid-single digit volume gains, benefiting from reduced import duties passed to consumers. Value Added Hair Oils picked up momentum with strong premium segment traction. The international business grew in high-teen constant currency, led by Bangladesh. Gross margin faces near-term pressure from input cost inflation but is expected to improve in H2. Operating profit growth is likely to be modest year-on-year.