From its lows last week, the stock of consumer major Marico is up 7 per cent on the back of a better-than-expected June quarter performance and robust outlook.
In a pre-quarter update, the management indicated that domestic volume growth should witness an improvement in FY25, while other segments (growth portfolio, international business) too would see traction going ahead.
The near-term trigger is strong sales and operating performance for Q1FY25.
While the company indicated that consolidated revenue growth would be in the high single digits, brokerages peg the same at around 7-8 per cent. The growth in the overall business came despite the residual impact of pricing cuts in the Saffola oils portfolio and currency headwinds in overseas markets.
Esta historia es de la edición July 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
India reports first suspected case of Mpox
India on Sunday reported the first suspected case of Mpox virus in a man who had recently travelled from a country witnessing an outbreak of the disease, the Union health ministry said.
Delhi's EV adoption to hit speed bump
The removal of road tax waiver in the city estimated to make such vehicles about 10% costlier for its residents
CRUDE CALCULATIONS
More cheap oil from Venezuela is coming to Indian shores. How big an opportunity is this?
25 years of the insurance industry: Hits and misses
De-tariffing and portability are two milestones ahead of the Insurance Act amendment that made health insurance independent line of business and raised FDI limits to 49%. The first of a two-part column
Usher in competition between EPF and NPS
Let's begin with my favourite episode from the 1980s British satire series Yes Minister, featuring senior bureaucrat Sir Humphrey and his boss, Cabinet minister Jim Hacker.
Blind bets on IPOs can be risky if market sentiment changes
If the company's quality is sound but valuation is high, wait for a correction
'India a dynamic market with long-term promise'
After the pandemic, investors have become more sophisticated and knowledgeable, leading to a notable increase in capital market participation and risk-taking, says SHIV GUPTA, founder and chief executive officer of Sanctum Wealth, in an email interview with Puneet Wadhwa. Edited excerpts:
BSE hoists the sails for Sensex's 'offshore' voyage
TIDAL SHIFT: IFSCA's July nod opens the route for derivatives on 30-share index, say sources
Wall Street on high alert: Economic hazards ahead
For those on Wall Street clinging to the bull case on the economy, life is getting harder.
A balancing job ahead
As Railway Board chairman, Kumar, the first Dalit to get the office, will have to deal with rising cases of accidents and concerns of people both within and outside the Railways