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Macquarie has outperform rating on Marico at Rs 600 target price. Morgan Stanley has Equal Weight rating on Godrej Consumer at Rs 1089 target price. JPMorgan is Overweight on Titan Company. ....
During the quarter, the company said FMCG demand sentiment stayed consistent vis-à-vis the preceding quarters with trends in urban and rural consumption largely converging. ....
Marico Ltd anticipates gradual growth in its core categories, aiming to enhance profitability for general trade partners and expand its urban and rural market presence over the next few years. Fourth-quarter results showed consolidated revenue growth in low single digits, with expectations of low double-digit operating profit growth driven by margin expansion. ....
Marico expects its Q4 consolidated revenue to trend upwards, albeit delivering a low single-digit growth and jump back into the positive territory after three quarters. ....