FMCG major Marico's second quarter profit is seen rising 18 percent year-on-year to Rs 177.2 crore and revenue may increase 2.3 percent to Rs 1,519 crore, according to analysts polled by CNBC-TV18.
Operating profit is likely to increase 12 percent to Rs 257 crore and margin may expand 140 basis points to 16.9 percent on yearly basis, led by lower copra prices. Gross margin is expected to expand by 200-300 bps.
Copra prices declined 24 percent YoY but increased 16 percent QoQ.
Analysts expect domestic volume growth at around 6-8 percent for the quarter.
Marico has initiated a weighted average price hike of 5 percent from July, 2016.
Analysts expect international business (20 percent of revenue) to grow 10 percent YoY.
