Last week, Marico, which owns popular brands like Saffola, Parachute, and Livon, reported 17.2 per cent increase in consolidated net profit for September quarter. However, its revenue from operations marginally reduced to Rs 2,476 crore YoY.
Marico: “We have already taken price drops in Parachute and Saffola because both are, in terms of the price, premium sensitive. We are also taking tactical calls in terms of whether we have to do pricing on consumer offers and all that. You are absolutely right that we have to have the right price.”