The international business sustained its healthy growth momentum with constant currency growth of 8%. Each of the markets exhibited strength amidst macroeconomic uncertainty and currency devaluation headwinds," it said.India business delivered a turnover of Rs 1,851 crore, up 2% on a YoY basis. Meanwhile, international business posted a turnover of Rs 619 crore with 8% constant currency growth.
Share price of Marico jumps as Sensex gains 124.67 points
Promoters held 59.4 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 25.16 per cent and 2.75 per cent, respectively.
ITC to acquire Yoga Bar to expand presence in fast growing healthy foods space
The move will allow ITC to expand presence in the Rs 45,000 crore fast growing, nutrition-led healthy foods space. ITC said this deal is in line with its ‘ITC Next strategy articulated by chairman Sanjiv Puri that focuses on building a future-ready portfolio of products that serve evolving consumer needs
Adani Wilmar sees Q3 sales growth in high single digits
The growth pace in the second quarter was mostly dragged by a decline in the edible oil business, which is known for Fortune cooking oil.Adani Wilmar, a joint venture between Indian conglomerate Adani Group and Singapore's Wilmar Group, said packed oil sales increased by high-double digits during the third quarter due to higher in-house and out-of-home consumption.
Dabur India warns of margin hit on currency woes, inflation
Operating margin for the three months ended December would shrink by 200 - 250 basis points, the fast-moving consumer goods company said, adding that its gross margin would improve sequentially due to a pick-up in demand in India towards the end of the quarter.
FMCG sales in Q3: Rural market continues to drag; urban sector maintains pace of growth
Marico said that during the quarter, the FMCG sector witnessed some improvement in demand, which was more visible in specific categories buoyed by the festive fervour and oncoming winter season.
Marico stock rises over 3% after Q3 business update
While the urban and premium categories maintained a steady pace of growth, "recovery in rural demand was not as discernible as retail inflation stayed at elevated levels," Marico said.
Hot Stocks: Brokerage view on Marico, Bajaj Finance, InterGlobe Aviation and RIL
India Biz reported mid-single-digit volume growth. The company did not see a significant rural recovery in Q3, while the urban and premium categories maintained their steady growth momentum,” the note added.
Q3 rev growth slowed on muted rural demand, says Marico
However, Marico expects gross and operating margins to improve in the quarter as key input costs and consumer prices across key franchises saw some stability.
Share price of Marico falls as Sensex drops 346.1 points
Promoters held 59.4 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 25.16 per cent and 2.75 per cent, respectively.
Ayaz Motiwala has been betting on Phoenix Mills & KIMs. Here’s why
"Discretionary spending is at absolutely new highs and the index is 20 to 30% higher on a 2-3 year basis. Phoenix wants to be a city centric large retail-led mall sort of a real estate player but their vision is primary retail led. About 10-15 years ago they tried to go to the then smaller cities such as Indore, Lucknow etc. All those cities have grown much bigger over the years.”
Ahead of Market: 10 things that will decide D-Street action on Wednesday
"Indian markets opened on a positive note following positive trade in Asian markets as China re-opens its economy and gradually ends it zero-covid policy giving boost to sentiments and raising hopes of a recovery," said Narendra Solanki - Head Fundamental Research- Investment Services, Anand Rathi Shares & Stock Brokers
Gandhar Oil Refinery files DRHP to raise funds via IPO
The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes.
Stocks to buy: 5 short-term trading ideas by experts for 22 December 2022
On the downside, the area between 18,133 and 18,080 represents a significant demand zone. As long as Nifty trades above 18,080, the general bullish texture will hold, but below 18,080, we can anticipate a short-term trend reversal,” Santosh Meena, Head of Research, Swastika Investmart Ltd., said.