India’s organised retail sector, accounting for approximately 12 per cent of total fast-moving consumer goods (FMCG) sales, witnessed its highest growth in six quarters, recording a year-on-year surge of 21.1 per cent during the April-June period, as per NielsenIQ data. This growth was fueled by a stable urban demand environment. NielsenIQ, the data insights and […]
Marico said on Wednesday it will acquire a 58 per cent stake in Satiya Nutraceuticals, which owns a plant-based nutrition brand, for Rs 369 crore. Marico, the owner of the Parachute oil brand, has so far bought a 32.75 per cent stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in […]
Marico, an FMCG company, has recently integrated its Saffola store with the Open Network for Digital Commerce (ONDC). The ONDC network, initiated by the Government of India, is a revolutionary digital commerce network that aims to empower businesses and consumers across the country, the press release read. The initiative takes the ambitious ‘Digital India’ vision […]
Following its successful launch in the Bangladesh market in 2021, Marico introduced Red King Cooling Oil with Power Tube to the Indian market, earlier this year. With this launch, the company has forayed into the 1000 crore cooling oil category in India. According to the company, Red King Cooling Hair Oil strengthens Marico’s play in […]
Marico home to popular brands Parachute and Saffola, reported a more than 20 per cent jump in quarterly profit, helped by a recovery in rural demand and easing inflation. Marico’s consolidated net profit stood at Rs 302 crore for the three months ended 31 March, compared with Rs 251 crore a year earlier. Consumer goods […]
Marico reported a 5 per cent increase in net profit to Rs 333 crore for the third quarter ended December 2022 on Friday. This compares to a net profit of Rs 317 crore in the previous year. Revenue from operations increased by 2.6 per cent to Rs 2,470, compared to Rs 2,407 in the previous […]
Marico said on Wednesday that its consolidated revenue will be in the low single digits year on year in the December quarter due to a muted recovery in rural demand amid elevated inflation. “Urban and premium categories maintained their steady pace of growth. However, recovery in rural demand was not as discernible as retail inflation […]
