India Business News: In December 2023, ITC overtook Adani Wilmar, Britannia and Parle to become the country’s largest FMCG manufacturer in the food space. How did a compan
FMCG major Marico reported in its quarterly update that while urban markets remained steady, rural markets showed similar demand trends on a sequential basis with little improvement. The company highlighted constraints on liquidity and profitability in the general trade channel as a challenge for the sector.
The maker of packaged consumer goods, however, said it expects a slight jump in domestic volumes for the festival quarter and low double-digit growth in operating profit
With January 5 as the record date, shares of the MNC FMCG firm will go ex-split in 1:10 ratio. This means that if you own 1 share of Nestle India as on the record date, the sub-division will leave you with 10 shares.