Marico predicts an improvement of 200-250 bps in FY24 for its gross margins, supported by cooling commodity inflation and normalisation of portfolio mix. The company expects "volume-led growth" in the domestic market, driven by expansion in distribution, cost controls, and investments in brand building. Marico aims to deliver 13-15% revenue growth in the medium-term, sustained by 8-10% domestic volume growth, and double-digit constant currency growth in international trade.
In its update for the June quarter, Marico said that though the urban markets were steady during the April-June period, the anticipated pickup in rural demand remained elusive.
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New Delhi [India], January 12 (ANI/NewsVoir): Marico Limited, one of India's leading FMCG companies today unveiled the all-new Saffola Soya Bhurji in a unique, never-seen-before Snack It Up Cook-off event - A live competition between 10 of the most popular bhurji chefs from across the country who fought it out for the title of the ultimate snacking champion! Kicking off this event on a higher note, Celebrity Chef and brand ambassador, Chef Kunal Kapur along with leading actor and TV personality, Rannvijay Singha launched the highly-anticipated product as a healthy yet tasty snacking solution thereby unveiling the secret to #NoMoreChotiBhookh across all age groups! This first-ever cook-off by Saffola Soya caused a viral stir amongst both, locals and nationwide consumers. Moving beyond the easy-to-make and tasty snacking options, 2022 saw a cult following towards guilt-free, healthy yet tasty snacking habits. While we crave the magic of scrumptious food flavors that keep us drooling