(Reuters) -Parachute oil maker Marico said on Wednesday it expects second-quarter consolidated revenue to grow in high single-digit percentage, as price hikes kept domestic demand steady while it saw currency headwinds in some overseas markets.

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.

Its Saffola oils segment, which houses cooking oils such as sunflower and rice bran, posted a low single-digit percentage revenue growth as rise in import duty pushed the prices of vegetable oil higher.

The company's Bangladesh operations, which had been impacted due to the political unrest in the country in August, saw high single-digit percentage growth as the challenging operating environment "largely stabilized".

Marico said the consumer goods sector saw stable demand trends, with rural volume growth outperforming urban demand on a year-on-year basis for the third quarter in a row.

Rival consumer goods maker Dabur India said on Tuesday it expects a decline in its second-quarter revenue, which would be its first drop in more than four years, due to weak demand in its food and beverages segment.

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Shreya Biswas)