Marico Q4 Review - Expect Near-Term Demand To Be Uncertain, Margins To Be Subdued: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Marico Ltd.’s consolidated Q4 FY22 operating performance was in-line with the commentary given in their quarterly update. The fast moving consumer goods sector continued to witness subdued consumption patterns, primarily on account of weak rural sentiments and persistent inflation in global commodities. Inflation, accompanied by price hikes implemented across fmcg categories, affected consumer spending and eventually resulted in decline in fmcg volume. Despite stressed macros, Marico’s domestic business (~75% of topline) saw low 5.1% YoY growth with 1% underlying volume growth (on a high base of 25%) on the back of focused execution and market share gains. Volume growth on a two-year compound annual growth rate basis stood strong at 12%. Within the sales channels, general trade was subdued with rural slightly behind urban while alternate channels posted growth..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Marico Q4 Review - Expect Near-Term Demand To Be Uncertain, Margins To Be Subdued: Nirmal Bang

Marico Q4 Review - Expect Near-Term Demand To Be Uncertain, Margins To Be Subdued: Nirmal Bang

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