ofi recorded double-digit EBIT growth of 12.7% year-on-year (YoY) to US$416.3 million.
The growth was fueled by a strong rebound in volumes across core segments.
This growth was driven mainly by key segments such as Food ingredients, Taste and Health & Biosciences.
The downturn in performance is part of a larger trend affecting the packaged food industry.
Marico aims to achieve this target through strategic pricing actions.