Mumbai-based consumer goods company Marico expects revenue to grow more than 25% in the second half of the year, supported by steady demand, lower input costs and strong performance across key categories. Managing Director and CEO Saugata Gupta said demand has stabilised after short-term disruption linked to goods and services tax (GST) rate changes.

Gupta said the GST transition created some headwinds in late September and early October as 30% of Marico’s portfolio saw a rate reduction. “Now, everything is normalised,” he said, adding that GST changes would improve affordability over time.

He said Marico managed to protect profitability despite a sharp rise in input costs. “We must be one of the very rare examples… which had 100% increase in input cost yet delivered earnings before in

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