Recently, the stock price of Marico Ltd. (Marico) corrected by ~14% from 52-week high of Rs.349 as the company reported lower volume growth due to GST implementation and lower margin on account of higher copra prices in the recent quarters. With the strong brand equity in its two flagship brands, Parachute (associated with nourishment & purity) and Saffola (associated with health & wellness), Marico has successfully extended its brands into higher growth and underpenetrated categories, like, value added hair oil...