Marico expects double-digit Q2 revenue growth
In short
Marico said it expects double-digit revenue growth in the second quarter.
The company pointed to strong domestic demand, premium hair oils and double-digit India volumes. It is still not stated what the exact revenue figure will be.
What the reporting says
Marico said it expects double-digit revenue growth in the second quarter, supported by solid domestic demand, strong premium hair oils and double-digit India volumes. Business Standard also noted that its higher-end value-added hair oils segment posted growth touching the twenties for the sixth straight quarter. The immediate consequence is a positive demand signal for the company, though the final reported revenue number is not stated.
Why it matters
Marico said it expects double-digit second-quarter revenue growth, with support from strong domestic demand, premium hair oils and double-digit India volumes. A separate summary said its higher-end value-added hair oils segment posted growth touching the twenties for the sixth straight quarter. The update is relevant to Marico and consumer staples investors because it suggests continued demand strength, but the source does not provide the final Q2 revenue result.