MARICO

Oct 13 (Reuters) - Marico Ltd MRCO.NS:

• MBL INDUSTRIES VOLUNTARILY LIQUIDATED EFFECTIVE SEPTEMBER 18, 2025

Source text: ID:nBSE8f1K0s

Further company coverage: MRCO.NS

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Oct 3 (Reuters) - India's Marico MRCO.NS sees its second quarter consolidated revenue growing at about 30% year-on-year, driven by price hikes and higher sales of its premium hair oils.

Revenue from operations grew 8% in the year ago quarter.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Mrigank Dhaniwala)

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Oct 1 (Reuters) - Marico Ltd MRCO.NS:

• LIQUIDATOR DISTRIBUTES APCOS BUSINESS TO MARICO

• APCOS BUSINESS CONSOLIDATED WITH MARICO EFFECTIVE OCT 1, 2025

Source text: ID:nNSEDSJgQ

Further company coverage: MRCO.NS

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** Shares of Marico MRCO.NS fall 1.3% to 714.75 rupees

** India's Income Tax department is conducting surveys across Marico's offices and facilities pan India, CNBC TV-18 reports

** The department's Mumbai investigation unit is directing the exercise; details of the investigation are awaited - report

** Marico and IT department did not immediately respond to Reuters' request for comment

** Forty analysts covering MRCO have a "buy" rating on avg; median PT is 805 rupees - data compiled by LSEG

** Stock up ~12% YTD

(Reporting by Urvi Dugar)

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Sept 11 (Reuters) - Marico Ltd MRCO.NS:

• MARICO LTD - TO BUY REMAINING 46.02% STAKE IN HW WELLNESS

• MARICO LTD - ACQUISITION VALUED AT UP TO 1.38 BILLION RUPEES

Source text: ID:nBSEc5ngqX

Further company coverage: MRCO.NS

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Adds details throughout

Aug 4 (Reuters) - Indian consumer goods maker Marico MRCO.NS reported a first-quarter profit on Monday that topped analyst expectations, benefiting from steady demand for its cooking and hair oils.

Its consolidated net profit rose nearly 9% to 5.04 billion rupees ($57.51 million) in the April-June quarter, beating analysts' expectations of 4.86 billion rupees, according to data compiled by LSEG.

Domestic volumes rose 9%, led primarily by its Saffola brand cooking oils and hair oils.

Packaged cooking oil, a staple in Indian households, has been largely resistant to a slowdown in sales that has dented the margins of other consumer conglomerates which have a broad portfolio of personal care and household items.

Marico has also passed on the benefits of the recent import duty reduction on edible crude oils used to refine its 'Saffola' cooking oils, to its customers.

Saffola oil volumes rose in mid-single digits in the first quarter, while revenue in the segment rose 28%, Marico said.

Volumes of Marico's 'Parachute' brand of coconut oil rose about 1% and revenue grew 31%, as price hikes undertaken to mitigate commodity cost inflation padded the topline but crimped demand.

Together, they make up about half of Marico's revenue in India.

Marico also joined companies such as Dabur DABU.NS and Hindustan Unilever HLL.NS in highlighting improving demand conditions in urban areas, after several quarters of a spending slowdown amid the high cost of living.

Its overall revenue rose 23.3% in the first quarter, to 32.59 billion rupees, coming in above analysts' average estimate of 32.1 billion rupees.

Shares of Marico were up 1.87%.

Peer AWL Agri Business AWLA.ns, previously known as Adani Wilmar, reported a nearly 25% fall in first quarter profit in July, as higher prices of branded palm oil led consumers to opt for cheaper alternatives.

($1 = 87.6440 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sonia Cheema)

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Adds CEO comment in paragraph 10, background in paragraph 9

July 15 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, reported a nearly 25% fall in quarterly profit on Tuesday, as higher prices of branded palm oil led consumers to opt for cheaper alternatives.

Indian consumers operating on tight budgets due to slow wage growth have been increasingly shunning large brands in response to price increases.

AWL, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 2.36 billion rupees ($27.51 million) for the first quarter ended June 30.

Sales volumes in its mainstay edible oil business, which accounted for four-fifths of its topline, dropped 4% on slow palm oil sales, even as higher prices helped push revenue higher.

Volumes in the segment "remained under pressure, largely due to sluggish palm oil sales driven by its relatively higher prices," AWL said, adding it lost market share during the quarter.

Overall revenue rose 21% to 170.59 billion rupees.

AWL's food business, which sells staples such as rice and pulses, posted a 5% fall in volumes, excluding a one-off impact, as wheat flour sales struggled due to soft demand, stiff local competition and higher prices.

Shares fell 2.2% post-results.

In the coming quarters, AWL expects sales volumes to rebound, with palm oil prices stabilising and inflation slowing to a more than six-year low last month.

"As the inflation comes down ... food is the first product on which consumers are a little more likely to spend liberally," CEO Angshu Mallick told Reuters, adding consumers would now buy more branded foods, including tea and bread.

Rival Marico MRCO.NS, which sells the Saffola brand of cooking oil, is yet to report results. It said in an update earlier this month that quarterly revenue would grow in the low-20s percentage range on improving rural demand.

($1 = 85.7870 Indian rupees)

(Reporting by Praveen Paramasivam; Editing by Janane Venkatraman)

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July 11 (Reuters) - Marico Ltd MRCO.NS:

• MARICO -REMAIN FOCUSED ON SCALING TOWARDS 200 BILLION RUPEES IN REVENUE BY2030 -ANNUAL REPORT

• MARICO - ASPIRE TO DELIVER DOUBLE-DIGIT EBITDA MARGIN ACROSS DIGITAL-FIRST PORTFOLIO BY FY27

• MARICO - EXPECT DIGITAL-FIRST PORTFOLIO TO REACH 2.5X OF THE FY24 EXIT RUN-RATE BY FY27

Source text: [ID:]

Further company coverage: MRCO.NS

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** Marico MRCO.NS gains 4% to 742 rupees

** "Saffola" oil maker's quarterly revenue rises in low-twenties percentage range in April-June quarter, led by sustained demand from rural consumers

** Nuvama says co's quarterly update in line with their expectations

** Adds co showed "strong performance across segments"

** Raises its Q1 revenue growth estimate for co to 22.4% y/y from 21.5%

** Q1 revenue of peer AWL Agri Business AWLA.NS, formerly called Adani Wilmar, rises 23% y/y on higher edible oil prices

** YTD, MRCO gains 16% vs AWLA's ~17% decline

(Reporting by Kashish Tandon in Bengaluru)

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July 3 (Reuters) - Indian consumer goods maker Marico MRCO.NS said on Thursday it expects a modest growth in operating profit on a year-on-year basis in the first quarter of fiscal 2026.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sonia Cheema)

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May 8 (Reuters) - India's consumer goods sector reported an 11% growth in value in the March quarter, as rural growth outpaced that in urban areas for the fifth straight quarter, market research firm NielsenIQ said on Thursday.

Rural areas - which account for just over a third of overall consumer goods sales - have become a bright spot for an industry that is struggling with higher living costs and slow wage growth in large cities.

"Rural markets continue to drive growth, whereas urban metros continue to see a shift toward E-commerce," Roosevelt Dsouza, head of customer success for consumer goods at NielsenIQ, said.

Although rural consumption growth slowed in the March quarter, with volumes rising 8.4% compared to 9.2% in the previous three months, it still outpaced urban demand, where growth decelerated to 2.6% from 4.2%.

Price increases also contributed to the overall value growth, with the cost of staples such as edible oil rising 5.6% during the quarter, compared with just 0.3% in the same period a year ago.

Low base, rural growth, and easing inflation are helping smaller players, which saw 17.8% growth in value, outpacing the broader FMCG market, the report said.

Indian consumer goods maker Marico MRCO.NS reported fourth-quarter profit above analysts' expectations, boosted by improving rural demand and price increases for its key packaged oil brands—underscoring the strength of non-urban markets.

The company also said it plans to expand its presence in villages across India.

Smaller manufacturers are driving consumption compared to larger players, whose volume growth has halved compared to the December quarter, NielsenIQ said.

Hindustan Unilever HLL.NS and Nestle India NEST.NS reported weaker fourth-quarter profits, with Hindustan Unilever cutting its margin forecast amid high commodity costs and sluggish urban demand.

Going ahead, NielsenIQ said revised tax slabs and a favorable monsoon forecast could further lift consumption in the coming quarters.

(Reporting by Ashish Chandra in Bengaluru; Editing by Sonia Cheema)

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May 2 (Reuters) - Marico Ltd MRCO.NS:

• RE-APPOINTS SAUGATA GUPTA AS MD, CEO

Source text: [ID:]

Further company coverage: MRCO.NS

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April 3 (Reuters) - Marico Ltd MRCO.NS:

• MARICO LTD - EXPECTS MARGINAL OPERATING PROFIT GROWTH YOY IN Q4 FY25

• MARICO - CONSOLIDATED REVENUE GROWTH MOVED TO HIGH-TEENS ON A YEAR-ON-YEAR BASIS IN QUARTER

• MARICO LTD - CONSOLIDATED BUSINESS SEES LOW DOUBLE-DIGIT REVENUE GROWTH FY25

• MARICO LTD - INDIA BUSINESS SEES SEQUENTIAL UPTICK IN VOLUME GROWTH IN Q4

• MARICO - EXPECT TO MAINTAIN DOUBLE-DIGIT REVENUE GROWTH MOMENTUM IN FY26

• MARICO LTD - SECTOR EXPERIENCED STABLE DEMAND TRENDS IN Q4 FY25

Source text: ID:nBSE3Lpvps

Further company coverage: MRCO.NS

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** Shares of India's Marico MRCO.NS rise 3% to a one-month high of 642.9 rupees

** Motilal Oswal expects an 11% compounded annual growth in revenue over FY25-FY27, adds that a double-digit revenue growth forecast missing for most peers

** Brokerage reiterates "buy" rating with a PT of 775 rupees, indicating an upside of 21% in next 12 months

** Says co gaining market share consistently in core portfolios, seeing accelerated growth in food and premium personal care segments

** Analysts avg rating on stock "buy", median PT 730 rupees, as per LSEG

** YTD, MRCO up 0.5% vs 6.7% losses in Nifty FMCG .NIFTYFMCG index

(Reporting by Vivek Kumar M)

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Feb 6 (Reuters) - Solid demand in rural areas, as well as higher prices of staples including edible oil and wheat flour, helped the consumer goods sector report a 10.6% sales growth in the December quarter, market researcher NielsenIQ said on Thursday.

India's rural areas - which account for just over a third of consumer goods sales - have proven a bright spot for an industry struggling with an inflation-led spending slowdown in large cities.

"Rural markets (continued) to lead the charge, outpacing urban consumption (during the December quarter)," Roosevelt Dsouza, head of customer success for consumer goods at NielsenIQ, said in a statement.

Sales volume jumped 9.9% in rural areas in the December quarter, up from 5.7% in the previous quarter - double the 5% increase in urban centers, NielsenIQ said. But it added urban pockets also improved from the September quarter's 2.6% growth.

Rural areas have outperformed urban locations for the last four quarters, benefiting from income support schemes rolled out by several Indian states, while slowing salary increases in cities have squeezed consumer spending.

In the October-December quarter, overall volume rose by 7.1% - the highest in over a year - driven by demand for laundry products and edible oil, even as prices rose by 3.3%, according to NielsenIQ.

Dabur India DABU.NS and Hindustan Unilever HLL.NS reported a higher December-quarter profit on recovering rural demand.

However, large consumer goods makers, with topline exceeding 50 billion rupees ($571.2 million) are also facing stiff competition from smaller rivals, whose sales increased roughly twice as fast during the festive quarter, NielsenIQ said.

Consumer goods makers have also raised product prices to counter price increases in commodities such as copra and cocoa, with cooking oil maker Adani Wilmar ADAW.NS and Hindustan Unilever warning of further hikes.

Indians also preferred smaller product packs during the quarter, NielsenIQ said, echoing comments from Hindustan Unilever.

($1 = 87.5400 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Eileen Soreng)

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Jan 31 (Reuters) - Nestle India NEST.NS reported a quarterly profit below market expectations on Friday, as a slowdown in consumer spending in major cities and higher product prices dampened its sales.

The Indian entity of the Swiss food giant Nestle NESN.S reported a profit of 6.96 billion rupees ($80.34 million) for the third quarter ended Dec. 31, compared with 6.56 billion rupees a year earlier.

Analysts, on average, had expected a profit of 7.31 billion rupees, according to data from LSEG.

($1 = 86.6370 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Sherry Jacob-Phillips)

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Jan 27 (Reuters) - India's Adani Wilmar ADAW.NS reported a two-fold surge in third-quarter profit on Monday, buoyed by higher demand in its core edible oils segment.

The consumer goods company, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 4.11 billion rupees ($47.56 million) for the quarter ended Dec. 31 from 2.01 billion rupees a year ago.

Shares rose 3% after the results.

Revenue from its core edible oils segment - which accounted for over 79% of total revenue - grew 38% during the quarter, driven by increased demand for sunflower and mustard oils.

The company said it recorded in 5% growth in volumes in the quarter.

Cooking oil has largely resisted the broader slowdown in branded consumer goods due to its essential nature, despite brands increasing prices in recent months to offset rising ingredient costs, as per analysts.

Expenses rose 30% due to a sharp rise in underlying commodity prices, driven by a hike in customs duty in mid-September.

Adani Wilmar's foods unit, which includes products such as soya chunks and basmati rice, recorded a 22% revenue growth, driven by increased demand from general trade and e-commerce channels, according to its quarterly update.

It reported a 31% increase in total revenue, hitting 168.59 billion rupees.

In late December, the Adani Group announced its exit from the consumer goods unit - which it owned in a joint venture with Singapore's Wilmar International WLIL.SI - selling its entire stake to its Singaporean partner and through the open market.

Rival Marico MRCO.NS said in its update it anticipated third-quarter revenue growth in the mid-teen percentage range, supported by improving rural consumption and stronger demand for its Parachute and Saffola oil brands.

($1 = 86.4250 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Janane Venkatraman)

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Jan 3 (Reuters) - Indian consumer goods firm Marico MRCO.NS on Friday estimated its consolidated quarterly revenue will rise in the mid-teen percentage range, boosted by improving rural consumption and higher demand for its Parachute and Saffola brands of oils.

Cooking oil has largely withstood a broader slowdown among branded consumer goods due to its essential nature, according to analysts, even as brands raised prices in recent months to make up for higher ingredient costs.

Analysts are expecting a 11.2% rise in consolidated revenue in the quarter, as per LSEG data.

The Parachute coconut oil brand has been "resilient" in terms of revenue, while Saffola has "held firm in volume terms", the company said.

However, Marico said it expects a higher-than-anticipated gross margin contraction on a year-on-year basis and modest operating profit growth for the third quarter ended Dec. 31 due to higher raw materials and expansion costs.

The update from Marico comes two months after it tipped its consolidated revenue to grow year-on-year in the double-digit percentage range between October and March.

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living. Marico CEO Saugata Gupta told Reuters in November that urban consumption would take at least six months to revive.

The urban segment accounted for about 30% of its domestic sales, as of June-end.

Marico's international business, which accounts for a quarter of its overall revenue, will report a mid-teen constant currency growth in revenue in the third quarter, the company said.

Gupta in November had said Marico was looking to expand in the United States and East Africa as well as enter Indonesia.

In 2024, Marico shares rose 16.6%, compared with a 0.3% fall in the Nifty consumer goods index .NIFTYFMCG.

(Reporting by Praveen Paramasivam and Meenakshi Maidas; Editing by Janane Venkatraman)

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Dec 18 (Reuters) - Marico Ltd MRCO.NS:

• APEX COURT DISMISSES COMMISSIONER OF CENTRAL EXCISE APPEAL

• INDIA APEX COURT UPHOLDS ORDER CLASSIFYING PURE COCONUT OIL AS EDIBLE OIL FOR LEVY OF DUTY

Source text: ID:nBSE6CfHpF

Further company coverage: MRCO.NS

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By Dhwani Pandya

MUMBAI, Nov 14 (Reuters) - Indian consumer goods maker Marico MRCO.NS expects urban consumption will take at least six months to revive, its managing director told Reuters, signaling more pain for the sector from food inflation which has hit a 15-month high.

With a market cap of $9.12 billion, Marico is best known for its iconic coconut oil brand "Parachute" and edible oil brand "Saffola", and competes with the likes of Hindustan Unilever HLL.NS and Nestle NEST.NS.

India's annual inflation for food items, which account for nearly half of the consumption basket, hit a 15-month high of 10.87% in October, and retail inflation surged to a 14-month high in the same month, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month.

"It will take a couple of quarters for urban consumption to revive. But I think once the food inflation is sorted out to a large extent, urban consumption is expected to recover," Marico Chief Executive Officer and Managing Director Saugata Gupta said in an interview in Mumbai.

"Whenever there is a food inflation, there is an impact on FMCG (fast moving consumer goods)...consumers either downgrade or titrate consumption," he added.

India's middle class, estimated to be a third of its 1.4 billion people, has been cutting spending due to higher food inflation, impacting the earnings of largest consumer goods firms.

Though consumption is mainly affected among the middle- and lower-income classes, there is not much impact on those with high incomes, Gupta said.

India has seen high luxury spending in recent months - German luxury car manufacturer Mercedes-Benz' car sales in India grew 13% in first nine months of this year, its best-everperformance, while sales of luxury apartments in country's top seven cities surged nearly 38% during that period.

Marico's international business contributes around 27% of consolidated revenue and it has a strong presence in Bangladesh, Vietnam and the Middle East, and is looking to expand operations in the United States and East Africa, as well as entering the Indonesian market, Gupta said.

In Bangladesh, where Marico has a distribution network of more than 770,000 outlets, the company's operations were briefly disrupted after violent student-led protests that led to the resignation of Prime Minister Sheikh Hasina in August.

Gupta said Bangladesh's share of Marico's international revenues dropped from 44% in the year ended March 2024 to under 40% now, and could fall further as its grows more in other geographies.

(Reporting by Dhwani Pandya; Editing by Aditya Kalra and Ros Russell)

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Nov 12 - By Ira Dugal, Editor Financial News, with global Reuters staff.

Hello, I'm Ira Dugal and I head financial news for Reuters in India. Join me each Tuesday as I lead you through the biggest stories out of India, and Asia.

Indian corporations have reported weaker-than-expected earnings for the July-September quarter. Are corporate report cards signalling a slowdown in the world's fastest growing major economy? That's our focus this week.

What does Donald Trump's return to the White House mean for emerging markets? Scroll down for "Market matters".

THIS WEEK IN ASIA

** China unveils $1.4 trillion local debt package but no direct stimulus

** Putin signs into law mutual defence treaty with North Korea

** Toyota aims to ramp up China production

** Pakistan limits outdoor activities, market hours to curb air pollution-related illness

A GROWTH SPEED BUMP

Big names in Indian consumer goods, including Hindustan Unilever and Nestle India, were arguably the top disappointments during the past month's quarterly earnings season, when negative surprises and foreign investor selling drove the benchmark Nifty 50 down 6.2% for October - its steepest monthly drop in four-and-a-half years.

That wasn't just bad news for the companies' share prices. It rattled investors with a warning that India's burgeoning urban middle class - a key force driving the world's fastest growing major economy - were reining in spending on goods from soap to shampoo to biscuits and tea.

That could be a harbinger of unwelcome change for an economy accustomed to rapid growth, which reached 8.2% in the last financial year and is forecast to remain above 7% this year.

So far, analysts are seeing the slowdown at least partly as cyclical, a normal reaction after a period of strong growth, rather than as a sign of flagging demand. But they also point to inflation, seen hitting a 14-month high in October on higher food prices, as a more stubborn problem that is eroding urban spending power.

Whether the slowdown worsens or stabilises depends on the strength of rural demand, after a strong monsoon and recent easing of farm policies, as well as the pace of government spending and a possible easing of interest rates by the central bank, which has also loosened its grip on liquidity.

The starkest earnings underperformance was among consumer goods firms, especially those that sell daily-use products to the urban middle class.

Urban Indians, who account for more than one-third of the world's most populous nation, spend 71% more than their rural counterparts, according to monthly consumption data. Consumption comprises 60% of India's GDP.

Nestle India Chairman Suresh Narayan said the market was clearly facing muted demand, as well as pressure from inflation. "Food inflation has been a cause of concern due to sharp uptick in prices of fruits and vegetables and (edible) oil," he told reporters after the company's earnings release.

He noted that growth in the food and beverage sector, in double-digits just a couple quarters ago, is now down to 1.5-2%.

Analysts linked the slower spending growth to a decline in disposable incomes.

India economists at Citi note that growth in inflation-adjusted wage costs for listed Indian firms - a proxy for urban dwellers' earnings - has held below 2% for all three quarters of calendar 2024, and well below the 10-year average of 4.4%.

Not all the earnings news was bad. Colgate Palmolive reported stronger demand from rural areas, while Marico, which sells cooking oil brands popular with rural consumers, said it expects double-digit revenue growth in the second half of the financial year.

Sales of high-end goods also proved resilient. In the auto sector, Mahindra & Mahindra, which sells popular sports utility vehicles, outperformed earnings expectations, although Maruti, with a wider portfolio that includes entry-level cars, was more vulnerable to sluggish demand.

All in all, analysts and economists see the latest quarterly earnings as more bad news than good.

Jefferies India downgraded full-year earnings estimates for 63% of the 121 large companies it covers, the highest downgrade ratio since 2020, when the COVID-19 crisis hit. It attributed that to a cyclical slowdown in the economy.

For the full year, Barclays has lowered its forecast for GDP growth to 6.8% from 7%.

Will growth continue to slip in the second half of the financial year, or will it stabilise? Write to me with your views at [email protected].

QUOTE OF THE WEEK

"I look forward to renewing our collaboration to further strengthen the India-U.S. Comprehensive Global and Strategic Partnership. Together, let's work for the betterment of our people and to promote global peace, stability and prosperity."

Indian Prime Minister Narendra Modi congratulated Republican Donald Trump on Wednesday after he won the U.S. presidential election.

With Trump's win, India is open to freeing up market access for U.S. firms, sources told Reuters.

MARKET MATTERS

Investors hoping for a "Goldilocks" moment for emerging markets in 2025 are facing significant uncertainty after the U.S. presidential elections.

The dollar's rigorous rally, higher bond yields and the prospect of the Federal Reserve slowing the pace of interest rate cuts weighed on emerging market currencies.

Asia could be surprisingly resilient in the face of this increased uncertainty. Investors may also look for safety in Indian assets, given its domestically focused economy.

(By Ira Dugal; Editing by Edmund Klamann)

** Shares of Marico MRCO.NS rise 7.1% to 673.7 rupees, eyeing best one-day pct gain since May 7

** Stock top gainer on Nifty FMCG index .NIFTYFMCG, which is one of two main indexes trading higher, while remaining 11 are in the red

** The consumer goods maker posted ~20% rise in Q2 profit, ahead of analysts' average estimates

** Q2 revenue growth led by price hikes to offset higher raw material prices

** Twenty-five analysts covering the stock on avg have a "buy" rating; median PT is 717.5 rupees - LSEG data

** Stock up 23% so far this year vs a 0.9% rise in .NIFTYFMCG

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Oct 29 (Reuters) - Indian consumer goods maker Marico MRCO.NS reported second-quarter profit well above market estimates on Tuesday, propped up by price hikes undertaken to offset higher raw material prices.

The company reported a near-20% rise in consolidated net profit to 4.23 billion rupees ($50.3 million) for the three months ended Sept. 30.

Analysts were expecting a profit of 3.86 billion rupees, according to data compiled by LSEG.

To offset a 25% year-on-year increase in prices of copra, the main raw material used to produce coconut oil, Marico raised prices of the product in India.

The price hikes included a 15% increase in its edible oil segment.

"Pricing growth for the sector turned positive on a year-on-year basis as brands effected price increases in response to rising commodity prices," Marico said in a statement.

It said its gross margin expanded by 30 basis points from a year earlier as healthy margin improvements more than made up for rise in input costs.

Sales volumes of "Parachute" coconut oils - its biggest segment by domestic revenue - rose 4%, while revenue grew 10%.

Meanwhile, sales volume of Marico's "Saffola" brand of edible oils were flat year-on-year, while revenue rose 2% due to price hikes.

Marico's revenue from operations rose 7.6% to 26.64 billion rupees.

The company forecast domestic revenue growth in double digit percentages in the second half of the fiscal year, and said it expects international business to maintain constant currency growth in double-digit percentages.

Marico and rival Adani Wilmar ADAW.NS have posted largely solid results, propped up by demand for cooking oils.

This stands in contrast to Nestle India NEST.NS, Hindustan Unilever HLL.NS and ITC ITC.NS which reported downbeat earnings due to a slowdown in demand.

($1 = 84.0370 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Nishit Navin in Bengaluru; Editing by Varun H K)

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Oct 17 (Reuters) - Marico Ltd MRCO.NS:

• INCORPORATED SUBSIDIARY COCOSECRETS CONSUMER CARE LLC IN DELAWARE, USA

Source text for Eikon: ID:nNSE7DDMDC

Further company coverage: MRCO.NS

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Oct 2 (Reuters) - Parachute oil maker Marico MRCO.NS said on Wednesday it expects high single-digit percentage revenue growth in the second quarter ended September 30, as it faced incremental currency headwinds in some overseas markets.

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Shreya Biswas)

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** Shares of Marico Ltd MRCO.NS rise as much as 2.9% to record 713.50 rupees, last up 1%

** Emkay upgrades stock to "add" from "reduce", raises PT to 775 rupees from 700 rupees earlier

** Brokerage sees MRCO benefiting from improving demand environment helping earnings growth and rise in copra prices which would boost rev for its popular parachute hair oil business

** MRCO and most other consumer goods stocks on 15-member Nifty FMCG index .NIFTYFMCG rated "buy" on avg - LSEG

** Emkay upgrade is MRCO's first upgrade in 2-1/2 months after six-straight downgrades - LSEG

** In that time, MRCO has risen 7.7%, trailing consumer goods stocks' 10.7% rise

** However, MRCO's YTD rise of ~28% outperforms FMCG index's 16% rise

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of consumer goods firm Marico Ltd MRCO.NS close down 1.7%, Hindustan Unilever Ltd HLL.NS up 0.2%

** CLSA maintains "underperform" rating on both stocks, raises MRCO's PT from 460 rupees to 470 rupees

** Both cos at risk of losing market share as consumers increasingly purchase from quick commerce apps over local grocers

** Zomato ZOMT.NS, which owns quick commerce firm Blinkit, is brokerage's top consumer sector pick as it benefits from consumer affinity towards quick commerce

** CLSA says HLL's advantage as consumer market leader narrowing as smaller players undercut co's pricing on quick commerce apps, which would hurt gross margins in medium term

** On MRCO, says quick commerce is eating into dominance in core segments of edible oils and Saffola brand, which are not sufficiently present on quick commerce apps

** MRCO up 17% YTD, outperforming FMCG index's 11% rise, while HLL up just 5%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of India's Marico MRCO.NS rise 2.6% to 661 rupees in early trade

** Consumer goods maker said it has resumed manufacturing operations in Bangladesh, a country that contributes to nearly half of its international revenues

** 'Parachute' branded hair oil maker top pct gainer in Nifty FMCG index .NIFTYFMCG, which is up 0.2%

** MRCO, on an avg, rated "buy" with median PT at 710 rupees - LSEG data

** YTD stock has risen ~21%, outperforming a 8.5% gain in NIFTYFMCG

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 12 (Reuters) - Marico Ltd MRCO.NS:

• MANUFACTURING OPERATIONS IN BANGLADESH HAVE RESUMED AT NORMAL SCALE

• LARGE MAJORITY OF BANGLADESH RETAIL SALES FORCE, DISTRIBUTORS HAVE BEEN FUNCTIONING SINCE LAST WEEK

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Updates with details, context on Bangladesh, company background

BENGALURU, Aug 7 (Reuters) - Indian consumer goods maker Marico MRCO.NS said on Wednesday that a majority of its retail sales force and distributors have resumed operations in Bangladesh following a brief interruption, and that it expects manufacturing operations to resume soon.

Bangladesh saw violent student-led protests that culminated in the resignation of Prime Minister Sheikh Hasina on Monday. Following this, its army announced the formation of an interim government, with Bangladesh's president appointing Nobel laureate Muhammad Yunus to head it.

The 'Parachute' hair oil maker gets 44% of its international revenues from the country, where it has a distribution network of more than 770,000 outlets, as per Marico's website.

"We would like to inform you that operating conditions in the market are gradually improving," Marico said in a statement.

"We firmly believe that the medium-term prospects of Marico’s business in Bangladesh remain intact."

International revenues account for about 26% of Marico's total revenues. Analysts have estimated Marico's revenue exposure to Bangladesh at 11%.

The company said it "remains watchful" of the situation in the country and is prioritising the safety of its employees, factory workers, distributors and other stakeholders. It had earlier flagged in a post-earnings call that the impact of the interruption was not immediately clear.

Marico has been looking to diversify into other markets like Vietnam and South Africa to reduce earnings dependence on Bangladesh.

"We expect the revenue share of Bangladesh to moderate gradually to about 40% by FY27," Managing Director and CEO Saugata Gupta said in Marico's latest annual report.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Varun H K)

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