Marico Q1 business update: India business delivered 30 percent+ revenue growth in Q1. Saw robust double-digit volume growth in Q1FY22. Parachute coconut oil delivered ahead of medium-term expectations. Saffola edible oils posted low double-digit volume growth, despite a high base. Foods portfolio revenue more than doubled YoY in Q1. International business posted constant currency growth in low 20s in Q1.
Gross and operating margin should see significant improvement in Q1 as key input costs started easing. Operating margin in quarter will drop sharply on a YoY basis due to high base. Company expects muted bottom line growth in the quarter.
News Source:- Moneycontrol