
Marico, the consumer goods company known for brands like Saffola and Parachute, is set to report its Q1 earnings today, with expectations of operating profit growth slightly ahead of revenue. Analysts anticipate a positive trajectory in domestic volume growth and higher realizations. The company expects consolidated revenue growth to trend upwards throughout the year and a gradual uptick in its core categories within the domestic market. However, shares of Marico fell over 4% amid ongoing political turmoil in Bangladesh, which accounts for approximately 11-12% of its total revenue. This decline follows concerns that the crisis may impact the company's business operations in the region, prompting brokerages to adjust their targets in light of the situation.
#Marico shares fell over 4% amid political turmoil in Bangladesh from where the company earns around 11-12% of its revenue.
#Marico which owns #Saffola and #Parachute packaged oil brands earns around 11-12% of its revenue from #Bangladesh fell more than 4 per cent amid political turmoil in Bangladesh https://t.co/RxB1uDx2I8
#Marico shares fall over 4% as #Bangladesh business may get hit https://t.co/YJ0K3dMfe4


