Food inflation to recede, expect double-digit revenue growth in H2: Marico

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Food inflation to recede, expect double-digit revenue growth in H2: Marico - Business Standard

Quick Summary:

The company, which has already gone for a price hike for its Saffola range, expects a similar action from other FMCG players as prices of raw materials such as coffee, cocoa, and palm oil have gone up.

FMCG major Marico is looking for double-digit growth in the second half of FY25 and expects the prevailing high food inflation to moderate in the next two quarters, which will help revive urban consumption, its MD & CEO Saugata Gupta said.

"So across the sector, there will be some price increase," Gupta told PTI.