During the quarter, consumption trends remained subdued amid weak rural sentiment and inflation in global commodities due to geopolitical tensions, the company said. "While companies affected price hikes across FMCG categories to cope with the cost-push, persistent inflation continued to hurt consumer wallets across rural and urban," it added. Quoting a Nielsen study, Marico said MCG volumes declined in the Jan-Feb 2022 period on a year-on-year basis. However despite the challenging macro context, the India business stayed "relatively firm, riding on focused execution and market share gains," Marico said. "Revenue growth in the quarter was in low single digits, while volumes were marginally positive on an exceptionally high base (25 per cent), leading to a double-digit volume growth on a 2-year CAGR basis," it said. While its international business delivered double-digit constant currency growth. "The business has registered a stellar mid-teen constant currency growth in FY22," it said. Over the commodity prices, Marico said among key inputs, copra prices remained soft, however, edible and crude oil prices spiked due to geopolitical tensions. "In response, the company also took calibrated price increases in the value-added hair oils and Saffola Edible Oils portfolios during the quarter. Consequently, gross margin is expected to be at similar levels as the same quarter last year," it said.