Strong volume growth, price hikes drive Street's optimism on Marico

It should deliver strong revenue growth with relief in the form of easing input costs

The stock of Marico was up over 8 per cent on expectations of strong volume growth in FY22, easing of commodity prices, and pricing action which should reflect on revenue growth and margins.

The Street’s confidence about Marico’s prospects emanates from the 25 per cent volume growth performance in the March quarter. Its three main segments of Saffola, value-added hair oils, and Parachute posted volume growth of 17-29 per cent on a low base, market share gains from the organised segment, and higher in-home consumption. Volume growth even after accounting for the low base was up 18-20 per cent.

Among the key