Marico forecasts double‑digit Q2 revenue rise on premium product demand

Marico projects double‑digit growth in its consolidated revenue for the second quarter, driven by strong domestic demand for premium offerings.

Domestic Performance

The firm’s upscale hair‑oil range, covering premium and specialised products, posted growth in the twenties percent for the sixth quarter in a row. Its Indian operations recorded underlying sales‑volume expansion of about ten percent. The price of copra, a key ingredient for its coconut oil line, stayed roughly 35% below recent peak levels, helping margin stability. Marico, maker of Parachute coconut oil and Saffola edible oils, is among Indian consumer companies benefitting from the premiumisation trend as shoppers shift to higher‑priced items across categories.

International Performance

On the overseas front, Marico saw constant‑currency growth in the mid‑teens, led by strong performance in Vietnam, the Middle East and South Africa. Bangladesh registered a modest sequential improvement.

Context

Premiumisation—consumers opting for higher‑end brands—is reshaping Indian retail, boosting sales for firms that offer premium personal‑care and food products.