Marico profit jumps 31%, flags rising input costs amid West Asia woes
Marico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets. The company highlighted challenges from rising input costs due to geopolitical tensions and adverse weather circumstances. Managing director Saugata Gupta expressed awareness of potential inflation effects, especially in rural areas. Marico aims for mid-20% EBITDA growth by...
Key Takeaways
- Marico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets.
- The company highlighted challenges from rising input costs due to geopolitical tensions and adverse weather circumstances.
- Managing director Saugata Gupta expressed awareness of potential inflation effects, especially in rural areas.
Marico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets. The company highlighted challenges from rising input costs due to geopolitical tensions and adverse weather circumstances. Managing director Saugata Gupta expressed awareness of potential inflation effects, especially in rural areas. Marico aims for mid-20% EBITDA growth by FY27 and expects annual revenue to exceed ₹15,000 crore.
Original Publisher Attribution
This summary was curated from Economic Times.