Marico Ltd Navigates Currency Challenges with Strong Domestic Growth

Marico Ltd reported high single-digit revenue growth in Q2, driven by strong domestic performance. Incremental currency headwinds in overseas markets offset gains, but the company expects double-digit growth in H2. Marico is focusing on revenue growth while monitoring margins amidst fluctuating copra and oil prices.

Marico Ltd has reported a high single-digit revenue growth for Q2, largely driven by strong performance in the domestic market. The gains, however, were offset by incremental currency headwinds in some overseas markets during this fiscal period.

According to an update filed on bourses, the FMCG firm noted that rural demand has outperformed urban demand for the third consecutive quarter. Despite challenges, Marico is optimistic, expecting its consolidated revenue growth to move into double digits in the second half of the year.

The company's 'Parachute' coconut oil and Saffola oils both showed growth, albeit with competitive headwinds. The international segment also reported robust growth across all markets. Marico remains focused on its revenue growth goals while keeping a close watch on margins due to fluctuating prices of essential commodities.

(With inputs from agencies.)