Concerns have been raised over Marico’s exposure to Bangladesh in the wake of turmoil in that country. However, the management reiterated expectations of growing domestic business at double digits and maintaining international growth. Marico scaled up its food business by 4 times between FY20-24 and aims to double it again in the next three financial years.
The Q1 earnings met expectations. Volume trajectory (up 4 per cent Y-o-Y) was better than expected. New businesses reported good performance. The gross margin was up due to benign raw material costs. Management pointed to market share gains in Parachute, improvement
