Marico Ltd Q3 2022 Earnings Call Transcript

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

Question: Avi Mehta - Macquarie Research - Analyst : I wanted to kind of just double-click on the EBITDA margin performance or expectations. Now you had indicated that fourth quarter would start witnessing the benefits flowing through to EBITDA margin, and it's kind of played to that script. Just wanted to understand, when you say flowing through, would it be wrong to expect 19% plus margin coming through in that time? Could you kind of give us a sense on what are the targets that you have in mind? 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, 2022 / 12:30PM, MRCO.NS - Q3 2022 Marico Ltd Earnings Call

Question: Avi Mehta - Macquarie Research - Analyst : And the normalized range would be...

Question: Avi Mehta - Macquarie Research - Analyst : Okay. Perfect. I just want to reconfirm that. And second, I wanted to kind of just hear your thoughts on the rural side. I mean last quarter, you had argued that we do not think there is a slowdown in rural. But now it's the second quarter and multiple peers have also argued that there is some concern on rural demand. You've highlighted that your expectation -- industry expectations are of government support. But barring that could you kind of help us understand your thoughts on rural outlook?

Question: Avi Mehta - Macquarie Research - Analyst : So exactly. So I mean, what I was trying to kind of understand is the expectation, does that build in a rural uptake? Or how do you kind of...