Marico Q3: India Volume Soars, Falling Copra Prices Boost Margins

• Marico reports high single-digit volume growth in India for Q3.
• International business shows strong growth in the early twenties on a constant currency basis.
• Consolidated revenue growth is estimated to be in the high twenties year-on-year.
• Copra prices have fallen by about 30% from peak levels, with further declines anticipated.
• Falling copra prices are expected to significantly improve Marico's gross margins and support double-digit operating profit growth.

Why It Matters: Marico's Q3 shows strong growth and improved margins due to falling copra prices, signaling a positive outlook.