Marico’s revenue growth to come back in H2

New Delhi Home-grown FMCG major Marico expects revenue growth to come back in the second half of the fiscal and sluggish rural demand to gradually improve, said its Managing Director and CEO Saugata Gupta.

It has taken price corrections after softening of inflation in the domestic market in the last two quarters, which has some effects on its revenue growth. However, it has helped it either gain or sustain market share and also increase penetration in some of its portfolio, he added. In the next two quarters, revenue growth of the company would be in line with volume growth, Gupta told PTI. “Revenue growth is expected to move into the positive territory in H2 as pricing deflation in the domestic business steadily tapers off.”