Marico projects strong Q2 growth as consumer demand stays resilient

Marico reported that its core franchises are positioned to generate strong second-quarter results as overall consumer-goods demand remains firm. The firm’s coconut-oil portfolio, including Parachute and Coco Soul, continues to benefit from premiumisation trends, and India saw underlying volume growth reach double digits. Internationally, constant-currency sales grew in the teens, led by Vietnam, the Middle East and South Africa, while Bangladesh posted a slight sequential gain despite a high-base and persistent inflation.

Copra prices have stayed about 35% below their peak, helping to lift gross margins, and the company expects operating profit to increase in the mid-twenties. Marico also said advertising and sales-promotion spending rose to support brand building and new growth engines.