Marico Ltd Q3 2021 Earnings Call Hosted by Axis Capital Ltd Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst : Yes. Just 2 questions. One was on the pricing side, you have taken some price increases in coconut oil. I just wanted to understand, at a competitive level, what has been the reaction of the unorganized as well as the regional brand to the increase in copra prices? Is your pricing before or after? And how do you look at that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 28, 2021 / 5:00AM, MRCO.NS - Q3 2021 Marico Ltd Earnings Call Hosted by Axis Capital Ltd

Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst : Got it. Got it. And second thing is also on pricing, but on the VAHO side. Do you think, given the inflation in copra and given some of your value-added portfolio is coconut based, would you need some level of hike there as well?

Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst : Okay. Very clear. And one last was on VAHO itself. So can we expect that innovations on the VAHO side going forward would largely be in the mid-premium to premium and for you because you seem to have populated the rest of the space quite well. Is that a fair way to look at it?

Question: Kunal Vora - BNP Paribas, Research Division - Analyst : Yes. My question is on pricing. You mentioned that in Parachute, you don't want to take multiple price hike. While in Saffola, there has been like price hike in October, November as well as December. So can you explain the difference in thought prices and how the consumer has reacted to these price increases? And also, with high deals and these price increases, should we expect Saffola volume to moderate?

Question: Kunal Vora - BNP Paribas, Research Division - Analyst : Okay. Okay. And with the high days going forward in the price hike, how do you -- or have you seen the consumer react to the price increase like over the last...