Marico s international business delivered mid-single digit constant currency growth amidst transient macro headwinds in the Bangladesh market, while the rest of the geographies held strong. With a degree of pricing corrections in key domestic portfolios yet to anniversarize and significant currency depreciation in select overseas geographies, consolidated revenue declined in low single digits on a year-on-year basis.
FMCG major Marico reported in its quarterly update that while urban markets remained steady, rural markets showed similar demand trends on a sequential basis with little improvement. The company highlighted constraints on liquidity and profitability in the general trade channel as a challenge for the sector.
The maker of packaged consumer goods, however, said it expects a slight jump in domestic volumes for the festival quarter and low double-digit growth in operating profit
The Court observed that KLF Nirmal Industries had failed to make out a case for vacating or setting aside the order restraining it from infringing upon Parachute's trademark.