Business Standard

Sunday, January 12, 2025 | 04:10 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Marico: Impact of rising market share on margins will interest investors

Impact of rising market share on margins will interest investors

Marico
Premium

Shreepad S Aute
Marico’s stock gained about 2 per cent on Wednesday on account of good traction in volumes of its flagship brand — Parachute hair oil (volume growth of 9 per cent). However, Marico’s overall domestic volume rose just by 5 per cent, while other FMCG players reported double-digit volume growth in Q3.

This was due to muted volume growth of Saffola and smaller coconut oil brands. A 15 per cent year-on-year (YoY) rise in net sales to Rs 1,861 crore (marginally below analysts’ expectations of Rs 1,867 crore) was also driven by higher prices, mainly of its Parachute hair oil.

In the near

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in