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
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The launch of instant noodles, honey and plant proteins is part of a larger strategy to cash in on consumer demand for packaged products
Execution and competitive intensity remain key, say analysts