Marico gains after Q4 business update : vimarsana.com

Marico gains after Q4 business update


Marico rose 1.06% to Rs 411.50 after the FMCG company announced that the India business delivered a very strong double-digit volume growth in Q4 March 2021.Marico said it witnessed healthy momentum building across its key portfolios. General trade put up a strong show led by rural growth. E-commerce continued to gain salience. Modern trade was affected by the high base on account of the pre-lockdown pantry loading in March last year, but has been in recovery mode. Canteen Stores Department (CSD) rebounded to post healthy growth.
Marico's India business delivered a very strong double-digit volume growth, albeit on a low but relatively stronger base when compared to key peers in the sector. The FMCG company further said that marginal correction of the historical revenue skew in Q4 and Q1 also played a part in the optical growth.

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