"The company had a soft second quarter in the face of a challenging liquidity and consumption environment in the domestic market, the management said
Analysts estimate low single-digit volume growth, the lowest since June 2017 quarter; companies will need to clock double-digit volume growth in second half to touch FY19 levels
While the company may lower its FY20 volume growth guidance amid muted offtake in September quarter, benign copra prices should push up profit margins
Marico has evolved from a two-product company into a diversified consumer goods player
Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown
The company aims for a volume growth of 8-10 per cent and a topline growth of 13-15 per cent, subject to inflation, over the medium term.
Company unlikely to take up price cuts for flagship Parachute brand
The company's revenue from operations during Q1 stood at Rs 2,166 crore, up 6.8 per cent
The volume push would also get support from the new-age distribution channels such as e-commerce
Greater thrust on urban premiumisation, higher sales from online and modern trade and lower rural exposure helped insulate the company
For the 2018-19 fiscal, the company posted a net profit of Rs 1,135 crore, up 37.24 per cent from Rs 827 crore in 2017-18
Benefits from benign copra prices to be used in advertising spends
The key to unlocking the potential of the digital sales lies in creating differentiated offerings for buyers who are both aspirational and self-assured about their brand choices
Impact of rising market share on margins will interest investors
Copra prices have come down by 32% in 2018
Profitability and volumes of key Parachute brand of oil to get a major boost, say analysts
Company may look at 5-6 launches a year as the market for premium and niche products grows
Pain at the core-gross level also percolated to the earnings before interest, taxes, depreciation and amortisation (Ebitda)
For Mariwala, the man behind successful brands, such as Parachute, Saffola and the Kaya chain of beauty clinics, dabbling in health and wellness is not new
The company continues to focus on protecting and growing our franchise at the cost of short-term profitability