Page 8 - Marico

Sensex trims losses, ends 107 pts down; Nifty below 19,650; NTPC soars 4%

CLOSING BELL ON JULY 28, 2023: NTPC and PowerGrid were the major gainers among the Sensex 30 stocks, while Bajaj Finserv and HDFC Bank declined up to 2 per cent on Friday.

Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 cr

Home-grown FMCG firm Marico will acquire a majority stake in Satiya Nutraceuticals, which owns plant-based nutrition brand Plix, for a consideration of Rs 369.01 crore. The company has signed a definitive agreement to acquire a majority stake of 58 per cent in Satiya Nutraceuticals for a consideration of Rs 369.01 crore, Marico said in a regulatory filing on Wednesday. According to Marico this is in line with its key strategic priorities. "The transaction will further expand Marico's total addressable market in the value-added foods and nutrition segments as well as presence in the rapidly growing Health & Wellness category," it said. It has completed acquisition of 32.75 per cent of the paid-up share capital of Satiya Nutraceuticals through primary infusion and secondary buyouts, completed on July 26, 2023. It will acquire the remaining 25.25 per cent of the paid-up share capital of Satiya Nutraceuticals on a fully-diluted basis, in one or more tranches by May 2025, said ...

Marico signs agreement to acquire majority stake in Satiya Nutraceuticals

In an all cash deal, the maker of Parachute Coconut oil will buy the stake in the company for an aggregate consideration of upto Rs 369 crore

FMCG firm Marico expects food business to reach Rs 850 cr in FY24

Home-grown fast moving consumer goods (FMCG) firm Marico expects its food business to scale up to Rs 850 crore in FY24 in the domestic market, according to the company's latest annual report. Saffola, the master brand under which Marico offers healthier foods, has expanded the total addressable market to over Rs 10,000 crore, through a portfolio of healthy value-added offerings, it said. "The company aims to ramp up its revenue from the foods portfolio to Rs 850 crores by fiscal 2024, after closing near the Rs 600 crore-mark in fiscal 2023," said Marico, which also owns popular brands such as Parachute and Hair & Care. In the last two-three years, Marico has expanded its play in the food segment with multiple products, including oats, honey, noodles, peanut butter, mayonnaise and ready-to-eat healthy snacking category under the aegis of Saffola Munchie. The company maintains a 'steadfast focus' on market development, brand building, supply-chain excellence, distribution expansion .

Marico expects gross margin to improve 200-250 bps as inflation cools

Homegrown FMCG major Marico expects its gross margins to improve by 200-250 bps in FY24, helped by cooling commodity inflation and portfolio mix normalising favourably. The company expects a "volume-led growth" in the domestic market and gains in market share by most of its products and increase spending in advertising & promotion (A&P), said Marico in its latest annual report. "On the domestic business, we will drive volume-led growth and market share gains across our portfolios, aided by distribution expansion, aggressive cost controls and adequate investment in market development and brand building," said Marico, which owns Saffola, Parachute, Hair & Care, among other brands. On the rural market, Marico said it will "keenly monitor" growth and is hopeful of a recovery in demand, considering a good harvest season, forecast of a normal monsoon and increase in government spending. On the input cost front, key input materials, other than crude oil derivatives, have ...

Marico expects June quarter revenue drop on sluggish rural demand

Rural consumers typically make up about two-thirds of consumer goods makers' sales, according to Bengaluru, Karnataka-based Bizom, which tracks retail industry trends

HDFC Sec sees up to 16% upside in Firstsource Solutions, Marico; check why

Midcap IT as a sector has been outperforming and the same is expected to continue

Marico boss Harsh Mariwala shares 8 mantras for a successful business

Marico founder and chairman Harsh Mariwala shares his top 8 mantras to build a successful business with upcoming entrepreneurs

Strong margin outlook key driver for consumer major Marico's gains

There could be a gradual uptick in volume and value growth in the current year

Marico zooms 9% on steady Q4 performance; brokerages upgrade stock

Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'.

Marico Q4 results: Net profit up 20.3% to Rs 302 cr, revenue rises 3.6%

Marico Q4 result: For FY23, the company's net profit was up 6.2 per cent to Rs 1,302 crore from Rs 1,225 crore in FY22

Marico reappoints Saugata Gupta as MD, Rajan Mittal joins as Ind Director

FMCG major Marico on Friday said its board has re-appointed Saugata Gupta as its Managing Director and Chief Executive Officer for another term of two years. Gupta's reappointment is effective from April 1, 2024. The board of Marico, in its meeting held on Friday, approved "re-appointment of Saugata Gupta as the Managing Director & Chief Executive Officer for a term of two years w.e.f. April 1, 2024 to March 31, 2026." He had joined Marico in 2004 as the Head of Marketing and was elevated to CEO of India Business in 2007. In 2014, he took over as Managing Director of the company. Besides, the company's board has appointed Rajan Bharti Mittal as an independent director for a term of five years, beginning from July 1, 2023 to June 30, 2028. Mittal is the Vice-Chairman of Bharti Enterprises, one of India's leading conglomerates with diversified interests in Telecom, Space Communications, Digital Solutions, Financial Services, Real Estate, Agri-Processed foods in addition to other ...

Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

Campus Activewear acquires land, building from Marico Industries in HP

Sports and athleisure footwear company Campus Activewear on Wednesday said it has acquired land parcel and a building from FMCG major Marico Industries Ltd in Paonta Sahib, Himachal Pradesh. The all-cash deal was worth Rs 16.70 crore. The deal will help Campus Activewear to expand its capacity for the manufacturing of semi-finished goods (sole and /or upper) and assembly of footwear. This will be financed "partly through Term Loan and Internal Accruals," it said in a regulatory filing. This will help in "capacity expansion to meet business growth and increased backward integration". This capacity expansion would be done within one-and-a-half years from April 2023. In FY22, Campus Activewear's revenue was at Rs 1,194.18 crore.

Stocks to Watch: Bajaj Finance, RIL, ONGC, HDFC Bank, IndusInd, HCL Tech

Stocks to Watch: ONGC, Oil India, Reliance will be in focus as the Centre has slashed windfall tax on domestically produced crude oil to nil from Rs 3,500 a tonne, effective from April 4

Marico's consolidated revenue grew in low single digits in Jan-Mar quarter

India business volume growth improved slightly over the preceding quarter, staying in mid-single digits

Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

Saffola a Rs 2,000 crore-plus brand; worst of inflation is over: Marico CEO

Saffola, the master brand under which Marico offers healthier food options, is now worth Rs 2,000 crore-plus, said Marico MD & CEO Saugata Gupta. About inflation, Gupta told PTI the "worst" is behind and he sees a gradual recovery for the FMCG (Fast Moving Consumer Goods) segment with rural market making a comeback. The rural FMCG market, which has witnessed a decline in the last 4-5 quarters, is expected to have a turnaround in the next 2-3 quarters, he said. "I think the worst is behind," said Gupta, adding, "Overall for FMCG, we see a gradual recovery, but that has to be led by rural. Urban has been decent." At the industry level, food continues to do well and HPC (home and personal care) category is struggling a bit. This is because, last year, there was significant inflation, he said. As inflation eases, now he expects "better margins" in top-line and said the urban market and modern trade channels are recovering and going back to pre-Covid levels while the general trade is .

Marico Q3 net profit rises 5% to Rs 333 cr; revenue up 2.6% to Rs 2,470 cr

Home-grown FMCG major Marico Ltd on Friday reported a 5.04 per cent increase in consolidated net profit at Rs 333 crore in the third quarter that ended December 31, 2022. The company had posted a net profit of Rs 317 crore in the October-December quarter a year ago, Marico said in a regulatory filing. Its revenue from operations was at Rs 2,470 crore, up 2.61 per cent during the quarter under review, as against Rs 2,407 crore a year ago. In the third quarter of FY23, revenue from operations grew "with underlying volume growth of 4 per cent in the domestic business and constant currency growth of 8 per cent in the international business," said Marico in an earnings statement. Marico's total expenses were at Rs 2,067 crore, up 2.22 per cent in the third quarter of this financial year. Its revenue from the domestic market was up 1.87 per cent to Rs 1,851 crore in the third quarter of FY23. It was Rs 1,817 crore a year ago. "During the quarter, the FMCG sector in India showed some s

Higher sales growth for Marico contingent on rural demand recovery

Brokerages have a mixed view on the stock; scale up of foods segment key for further gains