Marico Industries (MRCO IN) Buy: Volume growth trajectory accelerates further

研报英文原文证据摘录

Marico Industries (MRCO IN) Buy: Volume growth trajectory accelerates further

ned from sources it believes to be reliable

but which it has not independently verified; HSBC makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of

the Research Division of HSBC only and are subject to change without notice. From time to time research analysts conduct site visits of covered issuers. HSBC policies prohibit research analysts from accepting

payment or reimbursement for travel expenses from the issuer for such visits. HSBC and its affiliates and/or their officers, directors and employees may have positions in any securities mentioned in this document

(or in any related investment) and may from time to time add to or dispose of any such securities (or investment). HSBC and its affiliates may act as market maker or have assumed an underwriting commitment

in the securities of companies discussed in this document (or in related investments), may sell them to or buy them from customers on a principal basis and may also perform or seek to perform investment

banking or underwriting services for or relating to those companies and may also be represented in the supervisory board or any other committee of those companies. Details of Associates may be obtained from

or for any Grievances on the report published by HSBC Securities and Capital Markets (India) Private Limited may be reported to Compliance Officer: Neha Malviya, Email: neha.malviya@hsbc.co.in, Contact: +

91 22 4089 1536. The information and opinions contained within the research reports are based upon publicly available information and rates of taxation applicable at the time of publication which are subject to