Marico sees copra prices ease 35% from peak, margins expand and EBITDA rises 27%
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Marico reported a significant expansion in gross margins due to a 35% decrease in copra prices. The company achieved a 27% year-on-year growth in consolidated EBITDA, indicating strong profitability. While Parachute volumes grew, revenue growth was limited primarily due to prior…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishLower copra costs support profitability, but crude-linked and vegetable oil inflation remain risks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Marico reported a significant gross margin expansion due to a 35% decrease in copra prices.
- 02Consolidated EBITDA grew 27% year on year.
- 03The company warned of ongoing inflation in crude-linked derivatives and vegetable oils.