Marico raises margin outlook on strong September-quarter growth
In short
Marico said its September-quarter revenue and profit rose strongly. It pointed to good demand in foods and premium personal care, plus lower input costs.
The company also lifted its Ebitda margin outlook and said overseas business is improving in Vietnam and the Middle East. The exact new margin view was not stated.
What the reporting says
Marico reported strong revenue and profit growth in the September quarter, helped by robust demand in foods and premium personal care. The company also cited reduced input costs and said its international business is improving in places such as Vietnam and the Middle East. Marico raised its Ebitda margin outlook, but the reporting does not give the new target or say how long the demand strength will last.
Why it matters
Marico said its September-quarter revenue and profit grew strongly, supported by demand in foods and premium personal care and by lower input costs. The company also raised its Ebitda margin outlook and said international business is improving in markets including Vietnam and the Middle East. The reporting does not state the revised margin range, so the scale of the upgrade is unknown.