saffola

Nature: Marico CEO sees sales picking up in H2

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Nature: Marico CEO sees sales picking up in H2

NEW DELHI: FMCG major Marico, which owns brands like Saffola and Parachute, expects revenue growth to come back in the second half of the fiscal and sluggish rural demand to gradually improve, its MD and CEO Saugata Gupta said. The company has taken price corrections after the softening of inflation in the domestic market in … Read more

Marico: Food business to pip edible oil for Marico

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Marico: Food business to pip edible oil for Marico

MUMBAI: The diversification strategy undertaken by the Mariwala family-owned Marico to reduce its dependence on Parachute coconut oil and Saffola edible oil – its two traditionally strong, commodity-linked brands – has yielded results. The revenue contribution of coconut oil in the domestic business has come down by approximately 700 basis points(7%) over the last 5 … Read more