Marico posted strong PAT growth of ~27% in Q1FY2020 largely driven by expansion of 321 BPS in OPM (led by reduction in copra prices). Revenue growth stood at ~7% driven by 6% volume growth. Parachute rigid packs continued to perform well with 9% volume growth, while value-added hair oil volume growth stood at 7% in Q1FY2020. The management is confident of achieving 6-8% volume growth in the near term and OPM to...