Marico Soars in Q3: Revenue Up High Twenties, Profit Growth Double-Digit

• Marico Ltd reported high-twenties consolidated revenue growth and expected double-digit operating profit growth for Q3.
• India business achieved high-single-digit underlying volume growth, while international portfolio saw early twenties constant-currency growth.
• Demand trends remained stable, with gradual improvement anticipated due to easing inflation and other factors.
• Parachute showed resilience, Value Added Hair Oils grew in twenties, and Premium Personal Care scaled well. Saffola Oils had a muted quarter.
• Copra prices corrected by 30%, leading to expected sequential improvement in gross margins.

Why It Matters: Marico delivered strong Q3 performance with robust revenue and profit growth, driven by India and international markets.