Marico Limited (MARICO.NS)
- Reuters
India's Marico forecasts high single-digit revenue growth in Q2
The consumer goods maker expects its consolidated revenue to grow in double digits during the second half of fiscal year 2025. Marico said its core Parachute coconut oil business recorded near mid-single digit percentage volume growth in the second quarter, owing to price hikes it had implemented in the beginning of 2024. The company said it further hiked prices of its Parachute oil products at the end of the quarter due to the sequential rise in prices of copra, a key raw material, which rose ahead of Marico's internal forecasts in the second quarter.
- Reuters
India's Marico says majority of retail distributors resume ops in Bangladesh
Indian consumer goods maker Marico said on Wednesday that a majority of its retail sales force and distributors have resumed operations in Bangladesh following a brief interruption, and that it expects manufacturing operations to resume soon. Bangladesh saw violent student-led protests that culminated in the resignation of Prime Minister Sheikh Hasina on Monday. Following this, its army announced the formation of an interim government, with Bangladesh's president appointing Nobel laureate Muhammad Yunus to head it.
