Marico expects mid-teen volume growth in next couple of quarters
FMCG company Marico expects to deliver "mid-teen growth" in volume terms in the next couple of quarters helped by "strong revival" in consumer demand as well as sentiments, and to continue "good growth" from the rural markets, said a top company official. There has been a decent revival in the urban growth as well, and the company expects modern trade channels, which were not performing well, to start growing in the next financial year. Besides, Marico has a revenue target of Rs 500 crore from immunity and healthy foods for 2021-22, a segment in which it has introduced several new products...
Source: business-standard.com