Several Indian firms are offering this models which is helping them cut rental and power costs, apart from saving commuting time for staff
Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival
As of now, clearly bulls are having a firm grip on the market but as we have been mentioning since a week or so, they would find a bit difficult now going ahead
Its online men's grooming brand Beardo, which Marico acquired last year, is now fully integrated and may touch total sales of about Rs 100 crore in 2021-22.
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Net sales up 31.2% on a low base to Rs 2,525 cr, volumes grow 21%
FMCG firm Marico Ltd on Friday reported a 5.92 per cent decline in consolidated net profit at Rs 365 crore for the quarter ended June 2021.
L&T Technology Services (LTTS) reported an 84 per cent YoY jump in its June quarter net at Rs 216.2 crore, largely on widening margins
The stake will be acquired over a period of two years through primary infusion and secondary buy-outs
Margins, however, are expected to correct on a YoY basis
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It should deliver strong revenue growth with relief in the form of easing input costs
The company posted a 25 per cent volume growth with healthy growth in Parachute & value added hair oils (VAHO) on the back of a low base quarter
The company's domestic consumer business contributes nearly 77 per cent to overall top line
This was helped by a double-digit volume growth in the domestic market.
March quarter performance is expected to be strong on low base, price hikes
Marico expects low double-digit bottom line growth in Q4.
Marico said it has witnessed healthy momentum building across its key portfolios and expects low double-digit bottomline growth in the fourth quarter last fiscal after being impacted by the pandemic
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Companies are also looking for change in product mix and cost saving measures