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Input costs help Marico’s earnings, will help company meet growth target

image A supportive input cost environment has put consumer products company Marico in a sweet spot, and that too at a time when the Street is still waiting for a revival in consumption demand. The stock of Marico has gained about 9 per cent in the last three months, outperforming the S&P BSE FMCG (fast moving consumer goods) index, which is down one per cent during the same period. Copra is a key raw material accounting for 40-50 per cent of Marico’s raw material cost. The price of copra is down 10 per cent from the March-2019 levels and also 18 per cent lower year-on-year. Lower …


Source: Business Standard