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Marico to invest in new products, focus on volume growth

Updated : November 02, 2018 05:28:08 IST

FMCG company Marico on Friday said they are looking to invest in new products and the main focus will be on volume growth.

The company continuously strives to maximise volume growth and protect market share, said Saugata Gupta, MD and CEO, adding that they would look at lapping up some of the margin gains and invest into new products.

Copra prices had entered a deflationary cycle, which typically lasts for 18-24 months, Gupta said.

The company reported 18 percent rise in net profit for the quarter ended September 30, to Rs 218.3 crore. The company that makes Parachute oil, had reported a net profit of Rs 185.04 crore in the year-ago period. It also reported a volume growth of 6 percent.
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