Aug 1 (Reuters) - Marico Ltd

* Says for Q1FY18, India business witnessed volume decline of 9% on the backdrop of destocking by trade in june due to GST transition.

* Volume decline is attributable to steep pipeline correction across channels leading to a decline in the stock turnover ratios (strs) in trade

* Says estimated capital expenditure in each of the years FY18 and FY19 is likely to be around INR 1 billion–1.25 billion rupees

* Says will aim at a volume growth of 8-10% and a topline growth of about 12-15% (depending on inflation) in the medium term.

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