Add Merico in your Portfolio.....Its belief in the long term potential

Dear All,

 

 

Marico Industries Ltd. said on Wednesday that there is a possibility of its Profit After Tax (PAT) for the next couple of quarters falling short of the current expectations. The FMCG company said that it will observe the situation for a couple of quarters, before concluding on the shape of things to come.

But, Marico added that its belief in the long term potential of its businesses continues to be strong.

Noting the stalling of policy-making, Marico said it would have an adverse effect on business confidence and consumers sentiment. "This, coupled with the expected lowering of the GDP growth estimates would have some, if not major, effect on consumer demand, especially for items of discretionary consumption in the company's portfolio," Marico said.

 

 that it has had a slew of new offerings to the consumer in recent times and expects to sustain the momentum in its focus categories of Coconut Oil, Hair Care, Health Care and Skin Care across all our geographies.

This will call for Advertising & Sales Promotion (ASP) expenditure that may have a marked skew over the next few quarters, Marico said. This may influence the operating margins in a different manner from quarter to quarter, it said.

On the raw material front, Marico said that it will take the company couple of quarters to gauge the trend in the right manner and modify strategies accordingly.

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com