Indian consumer goods company Marico is aiming at 8-10 percent volume growth in financial year 2019 on the back of good recovery in rural demand, said Saugata Gupta, managing director and CEO of the company, adding that the firm's focus was also on defending market share.
"The focus of the company is to continue growing volumes and defend market share," said Gupta.
Gupta said the Vietnam business will also show signs of recovery in the second half of the fiscal.
With regards to the impact of Kerala floods on copra prices, he said coconut being a perennial group, floods do not impact like a typhoon or hurricane.
"It is a 18-24 months alternate cycles of inflation and deflation. The market has started softening in March-April and will continue to soften going forward but the extent of that is dependent on demand and supply situation," he said.
Gupta does not see an adverse impact of rupee weakness as the company does not import copra. However, there could be mild inflationary impact with regards to packaging materials due to higher crude prices, he added.
On Saffola, he said the recovery work is in progress and will see decent growth in H2FY19.