Family Offices, UHNIs take direct investment route for higher returns
Family offices and ultra-high net worth individuals (UHNIs) are increasingly considering direct investment programs alongside fund managers to gain more autonomy and potentially higher returns. These co-investment programs allow LPs to choose which startups to fund and typically do not have management fees. LPs are looking to back proven winners with a strong track record, particularly in the tough fundraising environment caused by a slowdown in venture fund investments in India.
Marico stock price down 2.87 per cent as Sensex slides
As of 30-Jun-2023, promoters held 59.39 per cent stake in the company, while FIIs held 24.96 per cent and domestic institutional investors had 3.29 per cent.
Skincare brand The Derma Co crossed Rs 350 crore annual revenue rate in June quarter, says parent Honasa Consumer
“The Derma Co was conceived with the aim to democratise the segment of active ingredients-based skincare and make it easily accessible to consumers,” said Varun Alagh, cofounder, chairman and CEO of Honasa Consumer.
Share price of Marico falls as Sensex drops 58.93 points
Promoters held 59.39 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 24.96 per cent and 3.29 per cent, respectively.
Marico boss Harsh Mariwala takes a page out of Steve Jobs's book, talks about the 'power of asking'
Businessman Harsh Mariwala emphasizes the importance of asking for what you want, citing a lesson from Steve Jobs. Mariwala shares that Jobs once called Bill Hewlett at the age of 12 to ask for spare parts.
🚨 Kafi Time Ho gayi MARICO Par Baat Hoi Nahi thi , to Chaliye Aaj Baat Kar he Lethe hai
1️⃣ July 2023 par He Analysis Ki Post Kar dithi Aur Levels Bhi de diye the Kaise Levels hai MARICO ke , Aur Us Time Par Kuch 540 ke Aas Pass Chal Raha tha .
How Harsh Mariwala's Marico is reinventing itself with changing times
Marico, one of India's largest FMCG companies, has successfully diversified its product portfolio to reduce its reliance on its traditional brands, Parachute coconut oil and Saffola edible oil. The company has expanded into new categories such as food and D2C (direct-to-consumer) brands, including healthy snacks and personal care products. Marico's revenue contribution from coconut oil has decreased, while the contribution from new categories has grown to approximately 15% of domestic revenue in FY23 and is expected to reach 20% in FY24.
Share price of Marico jumps as Sensex gains 136.96 points
Promoters held 59.39 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 24.96 per cent and 3.29 per cent, respectively.
Marico stock price down 0.46 per cent as Sensex climbs
As of 30-Jun-2023, promoters held 59.39 per cent stake in the company, while FIIs held 24.96 per cent and domestic institutional investors had 3.29 per cent.
For Marico Chairman Harsh Mariwala, perception of success has changed with time
FMCG guru Harsh Mariwala shared a video explaining the evolution of success. He stated that the motivators and aspirations change as one progresses in life. In their 20s, individuals focus on making a difference and achieving personal success.
Building business needs strategy & culture: Marico boss Harsh Mariwala's advice to aspiring entrepreneurs
According to businessman Harsh Mariwala, an organization can only be successful with the right balance of strategy and culture. To succeed in the market, innovative concepts must be developed through maximum interaction with customers and in consideration of market scenarios.
Women are queueing up for a second innings at work
Jobs portal HerKey revealed a 58% YoY increase in the number of female professionals registering for returnee programmes in Q1 2021. The platform noted a 65% increase in total registrations from tier II-III towns in the same period. Several flexible work options, dedicated recruitment programmes and proactive enterprise engagement with talented professionals have encouraged the increase, said HerKey CEO Neha Bagaria.
Consumer goods firms expect margins to improve significantly over next three quarters
Margins are on an upward trajectory for most companies from December quarter with year-on-year reduction in inflation and raw material costs. This led to a recovery in advertising and promotion spending as well which last quarter almost touched at par with pre-Covid levels.
Sales of daily groceries and essentials increased 8.5% YoY between April and June; the highest increase in a decade. FMCG sales was up 5.3% in rural markets and 12% in cities from a year earlier. However, consumption in villages only grew by 2%. Analysts believe the high increase in sales was largely due to the government offering free food grains, notably atta, which saw a growth of 8.5% during the quarter.
India Inc walks the extra mile to keep employees healthy
The addition of a chief fitness officer to the Zomato leadership reflects a growing commitment at India Inc — taking the health and fitness levels of employees very seriously.
Zomato, Cipla among 4 large cap stocks which hit new 52-week high on Friday
The data was sourced from BSE at 2.05 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.
Marico stock price up 0.28 per cent as Sensex climbs
As of 30-Jun-2023, promoters held 59.39 per cent stake in the company, while FIIs held 24.96 per cent and domestic institutional investors had 3.29 per cent.
Dabur scouting for acquisition targets in D2C healthcare, personal care: CEO
Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The acquisition will help Dabur to increase its play in the fast-growing premium segment and also to strengthen our urban play, Malhotra said in a post-results Investors' Conference Call.
At college reunion, Marico Chairman Harsh Mariwala and realty baron Niranjan Hiranandani bond over old times
FMCG guru Harsh Mariwala and real estate baron Niranjan Hiranandani, old college batchmates, reunited at a class reunion in Mumbai. The Chairman of Marico took to social media to express his joy and gratitude for being able to relive old memories with Hiranandani.
Deven Choksey on 4 mid-tier IT stocks that show a margin of safety
Investors are being drawn to underpriced public sector enterprises and mid-tier technology players for long-term investment opportunities, according to Deven Choksey of KRChoksey Holdings. However, he added that such sectors had been perfected in the short-term and it was increasingly challenging for investors to pick value from them. Choksey also discussed higher demand from rural India generating growth in FMCG companies and the efficient use of fintech by NBFC firms to disburse loans.
Should you buy Marico shares post its better than estimated Q1 earnings?
Marico's June quarter performance and outlook drew varied opinions from brokerages post the earnings. While Motilal Oswal has dubbed the company's focus on diversification towards food and digital first brands to do the trick for the company, Nuvama revised its targets upwards. Kotak expects top line growth to remain muted.
#MARICO is at supply zone almost its weekly breakdown .. It may run upto 600 mark but it will show rejection .. plan accordingly You can look for selling opportunity @600 Comment your views follow trades .
Revenue from operations, however, fell 3% to Rs 2,477 crore during the first quarter under review. The same stood at Rs 2558 crore in the previous year quarter.
Zomato, Bharat Forge, 6 other BSE100 stocks hit 52-week highs on Friday
8 BSE LargeCap index stocks achieved new 52-week highs, with Dr Reddy's Laboratories and Bharat Forge taking the lead. Other prominent companies like Lupin and NTPC also demonstrated strong market momentum, contributing to the index's impressive performance.
Share price of Marico jumps as Sensex drops 268.54 points
Promoters held 59.39 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 24.96 per cent and 3.29 per cent, respectively.
GIFT Nifty up 30 points; here's what changed for market while you were sleeping
The rupee gained 9 paise to close at 81.92 against the US dollar on Thursday, tracking the weakness of the American currency in the overseas market after the US Fed raised interest rates on expected lines.
GIFT Nifty down 60 points; here's what changed for market while you were sleeping
The rupee gained 9 paise to close at 81.92 against the US dollar on Thursday, tracking the weakness of the American currency in the overseas market after the US Fed raised interest rates on expected lines.
eClerx Services, Marico among 9 stocks with RSI trending down
RSI is a widely used technical indicator in the world of stock trading. It provides valuable insights into a stock's overbought or oversold conditions, helping investors gauge potential price movements
Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 crore
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.
Panic breaks out on Marathi TV show 'Sukh Mhanje Nakki Kay Asta' sets after leopard & cub waltz in
A leopard and her cub caused chaos on the set of the Marathi TV show 'Sukh Mhanje Nakki Kay Asta' at the Goregaon Film City in Mumbai. The incident, caught on camera, occurred at 4 pm and caused fear among the crew members.
Morgan Stanley upgrades Marico to overweight after acquisition of Satiya
Satiya Nutraceuticals owns the brand Plix, which has a product range across weight management, hair and beauty, sleep and nutrition categories, said the company in an exchange filing dated July 26.
MARICO | Investment Pick for NSE:MARICO by Munish_Jain
📊 Details
Marico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Rural markets in India are expected to boost demand for passenger vehicles, motorcycles, and tractors during the festive season later this quarter. Moderating rural inflation, higher non-agricultural income, and an increase in minimum support price for all kharif crops are predicted to put more money in the hands of consumers in rural markets, bridging the divergent recovery seen in the country since the easing of Covid.
D2C firm Power Gummies sets up own manufacturing unit, partner Apollo for new launch
Power Gummies has invested around $2 million in setting up a manufacturing plant located in Manesar, Gurugram, to meet surging demand for its supplements. The plant has a manufacturing capability of 10,000 bottles per day. The company also launched Power Gummies Junior, marking its entry into products specifically designed for kids.