Marico declined 2.20% to Rs 646.40 after the company said that the rising trend in input costs is expected to result in a higher-than-anticipated gross margin contraction on a year-on-year basis.
FMCG maker Marico reported a sequential uptick in domestic volume growth for the December quarter, but said its operating profit growth will be 'modest' due to higher input costs. Marico expects a ...