After opening the day flat, Indian share markets turned negative as the session progressed and ended lower.Indian benchmark indices were seen trading with a negative bias on Tuesday, weighed by HCL Tech, ICICI Bank, HDFC Bank, and Reliance Industries.At the closing bell, the BSE Sensex stood lower by 384 points (down 0.5%).Meanwhile, the NSE Nifty closed lower by 141 points (down 0.6%).TCS, HUL and Nestle were among the top…
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Category: Marico
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NIFTY FMCG gains nearly 3% despite volatility in broader market; HUL, Dabur jump up to 7%
SummaryThe sectoral index tracking the leading FMCG firms gained as much as 2.85% in the intraday session. A majority of NIFTY FMCG constituents traded higher on Tuesday, with Marico taking the lead and soaring 10.5%.Benchmark indices, NIFTY and SENSEX, plunged to the negative territory in morning deals on Tuesday, May 7, amid broad sell-off across sectors.
SESEX dropped more than 600 points while NIFTY traded below the 22,500 level. All the NIFTY sectoral indices were trading in the red…
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Meet man who studied at IIT, IIM, now leads Rs 75385 crore FMCG company, he is…
Saugata Gupta is the managing director (MD) and chief executive officer (CEO) of Marico Limited, a Rs 75385 crore market cap FMCG company. He is responsible for driving the company’s growth and strengthening its presence in India and abroad. Gupta joined Marico in 2004 as the Head of Marketing. He was elevated to CEO of India Business in 2007.After six years, he took over as Managing Director of the company in 2014.COMMERCIAL BREAKSCROLL TO CONTINUE READING
Saugata graduated with a…
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FMCG Shares Soar At Dalal Street As Demand Exhibits Recovery, Nestle Dabur And HUL Among The Gainers
Major FMCG companies and their shares appear to be on the rise, after a slump, that was noted on the first day of the trading week on Monday, 7 May. While Sensex opened flat on 7 May, marquee FMCG and consumer product players including Hindustan Unilever, ITC Nestle India, Marico, Dabur and Britania are trading in green with tangible gains in the early hours of the trading session on 7 May.
Shares of FMCGs Jump This surge is being attributed to an ostensible recovery in…
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Marico shares surge 10% after Q4 earnings
Marico | Image:Marico LtdMarico shares zoom: Marico Ltd, an FMCG major, witnessed a strong uptick in its share prices by nearly 10 per cent following the announcement of its fourth-quarter results ending March 2024. The stock surged 9.73 per cent to Rs 582.75 on the BSE, while at the NSE, it soared by 9.83 per cent to Rs 582.45 per share.The Mumbai-based FMCG giant disclosed a 4.9 per cent increase in its consolidated net profit, reaching Rs 320 crore for the March quarter. This marks a…
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Source: https://www.republicworld.com/business/markets/marico-shares-surge-10-after-q4-earnings/?amp=1
FMCG shares in demand; Marico, Godrej, Dabur, HUL rally up to 10% | News on Markets
3 min read Last Updated : May 07 2024 | 10:39 AM IST
Shares of fast moving consumer goods companies (FMCG) were in demand and rallied up to 10 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market on improved outlook.
Marico, Godrej Consumer Products, Dabur India, Hindustan Unilever, Bajaj Consumer Care, Colgate-Palmolive (India), ITC, Nestle India and Britannia Industries stocks rallied between 2 per cent and 10 per cent. At 10:20 am; the S&P BSE FMCG…
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Net profit up 5% at Rs 320 crore
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Marico Ltd has reported a consolidated net profit of Rs 320 crore for the fourth quarter of the financial year 2023-24, up 4.9 percent from the year-ago period.
Revenue increased 1.69 percent from the previous year to Rs 2,278 crore.
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Earnings before Tax, Interest,…
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Marico posts 5.3 pc rise in q4 net profit, declares dividend of Rs 6.50 per share
Mumbai, May 6 (IANS) Fast moving consumer goods major Marico on Monday reported a 5.3 per cent in consolidated net profit rose to Rs 318 crore for the Jan-March quarter compared to the corresponding figure of Rs 302 crore in the same period last year. Advertising AdvertisingMarico which owns the Saffola and Parachute brands of packaged oils posted a 2 per cent increase in revenue at Rs 2,278 crore up from Rs 2,240 crore in the same quarter of the previous year.The…
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Marico commits Rs 70-100 crore to increase direct distribution reach over next 3 years
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Marico has allocated Rs 70 crore to Rs 100 crore to increase their direct distribution reach over the next three years.
During Q1FY25, the company initiated Project SETU, a structured three-year plan aimed at enhancing the direct presence from approximately 1 million outlets presently to 1.5 million outlets by…
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marico results: Marico eyes foods portfolio to be 2x of current scale in FY27
Marico Limited is eyeing for its foods portfolio to be two times of the current scale in FY27 and also expects the domestic revenue share from it along with personal care to expand from around 20 per cent to 25 per cent in the said time, the company stated on Monday. Its foods division registered an impressive 24 per cent value growth year-on-year (YoY), closing the year at approximately four times its scale in FY20.The FMCG company is also aiming “consistent improvements in profitability”…
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