Relevant News/Events:
1) Air Condition Market will grow at CAGR of 12.05 % to hit $327.53 Billion by 2026 with top Key players like Panasonic Corporation; AMP Air; Voltas; Johnson Controls; TOSHIBA CORPORATION; FUJITSU GENERAL
2) The company targets to sell 10,000 units each of ACs, fridges and washing machines in Kerala during #Onam season” -Pradeep Bakshi, MD & CEO
3) Q1 results on 7th August
News/Upcoming events: Marico Posted good set of numbers on 1st August
1)Posted Better numbers for Q1FY20, sales and PAT up by 7% and 21%. Going forward, better traction from VAHO and Parachute portfolio to drive growth while benign input help in margin expansion.
2)Gross margin/EBITDA margin expansion reported in Q1 is likely to sustain, helping the company
3)Marico Q1 profit surges 16% to Rs 316 crore on volume growth, revenue up 7%
4)Marico expects to expand its margins and grow volumes by 6-8% in 2019-20, said its CFO Vivek Karve
Understanding trends 