India’s Marico forecasts revenue growth in Q4 after three quarters of fall, shares up

Indian consumer goods manufacturer Marico expects revenue growth in the March quarter after logging three straight quarters of fall, as demand for fast-moving consumer goods stayed consistent compared to the previous quarters, it said on Friday. The company said it eyed revenue growth as a percentage in the low-single digits and added that it expected consolidated revenue growth to trend upwards in the upcoming quarters. Consumer goods makers have grappled with subdued sales in rural areas in recent quarters as people cut back spending on both essentials and discretionary items amid price pressures.