FMCG firm Marico Ltd on Monday reported a 50.62 percent decline in consolidated net profit at Rs 199 crore for the fourth quarter ended March 2020 due to COVID-19 related disruptions
Coronavirus Outbreak: Marico says January-March quarter EBITDA may see 'modest decline' due to lockdown
FMCG major Marico said its January-March quarter EBITDA may see "modest decline" following disruptions on account of Covid-19 pandemic and associated lockdowns
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Unlike frontline FMCG stocks, Marico’s stock performance has been uninspiring over the last one year.
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Economic slowdown: It is not a doomsday scenario for FMCG sector, says Marico MD and CEO Saugata Gupta
Gupta said that while the category growth has gone down in rural areas due to consumption stress, large brands with direct rural distribution may be consolidating market shares
Marico had reported a net profit of Rs 183 crore in the corresponding period of fiscal 2017-18
Nykaa has reportedly raised Rs 255 crore so far and this excludes the TPG Capital's investment offer.
Marico aims up to 10% volume growth, healthy market share gains in five years on account of strategic investments
Marico has also plans for strategic investments in its core foreign markets such as -- Bangladesh, Vietnam, Middle East and North Africa and South Africa, coupled with expansion in adjacent markets.
Over dozen FMCG companies pledge to donate food items to Kerala, says union minister Harsimrat Kaur Badal
Over a dozen FMCG firms, including ITC, Coca-Cola, Pepsi and Hindustan Unilever, have pledged to supply water bottle, food and necessary items to flood-hit areas of Kerala in the next two days, Union minister Harsimrat Kaur Badal said on Tuesday
Marico said, FMCG business in India achieved a turnover of Rs 1,628 crore ($243 million), a growth of 23 percent over the same period last year
The Goods and Services Tax (GST) rate was reduced on 178 items, including detergents, shampoos and beauty products, from 28 percent to 18 percent from 15 November
The acquisition will strengthen Marico's portfolio to make it a complete ethnic hair care player in that country
Having learnt their Maggi lessons hard way in 2015, the FMCG sector is desperately looking for a brighter new year with hopes pinned on revival in rural demand and push from e-commerce
With the Finance Minister Arun Jaitley attempting to discourage cash transactions, you may soon have to pay by card if you have incurred bill of over Rs 5,000 while eating out at a four or five star hotel.
Realty major DLF and Naveen Jindal-led Jindal Steel & Power will be dropped from the National Stock Exchange's benchmark index Nifty from 27 March.
If you want to learn about Brand success, just take a look at yoga guru Baba Ramdev. He spends nothing on advertising and marketing but has built an FMCG empire in just three years, which is now worth a whopping Rs 2,000 crore, almost half of Harsh Mariwala's Marico, which is worth about Rs 4,000 crore.
The big MNC and Indian FMCG companies are conning consumers by making the fineprint of pricing on their products difficult to decipher. You thus pay more for less, but you don't know it.
Consolidated total income from operations jumped 25.32 percent to Rs 1,623 crore in the quarter ended June 2014 from Rs 1,295 crore in the year-ago period supported by the price increases taken across the portfolio during the quarter.<br />
In his new role as managing director and CEO, Saugata will accelerate the growth journey through innovation and build a future-ready organisation with a value-added portfolio, Marico said in a release.
Unilever, GlaxoSmithKline and PepsiCo made big bang announcements during the year as they decided to enhance their play in the "strategic and emerging" Indian market.