Consolidated revenue growth in Q2 remained in high single-digits: Marico

FMCG firm Marico Ltd on Wednesday said its consolidated revenue growth in the July-September quarter remained in high single-digits, as higher realisations in the domestic business was offset by incremental currency headwinds in some overseas markets during the second quarter of the ongoing fiscal.

In its update for the second quarter filed on bourses, Marico said the sector witnessed stable demand trends with rural outperforming urban on a year-on-year basis for the third quarter in a row.

"Consolidated revenue growth remained in high single-digits, as higher realisations in the domestic business was offset by incremental currency headwinds in some overseas markets. We expect consolidated revenue growth to move into double-digits in the second half of the year," the company said.

Marico said it expects to "deliver double-digit revenue growth in this year".

"In view of the higher-than anticipated degree of inflation in copra prices, sharp import duty hike in vegetable oils and ...