FMCG majors HUL, P&G, RB and Marico balance between building and buying âmenâs groomingâ extensions
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As Reckitt Benckiser invests in Bombay Shaving Company, we look at the âmen s groomingâ background of top personal care and hygiene players in India.
Cosmetics have traditionally been manufactured and marketed keeping women in mind. Over the last few years, a bunch of startups in India have been expanding the realm of cosmetics and beauty to include men. These newbie FMCG players have been actively expanding the perimeter of the âtoiletries and shaving productsâ to a much wider âmenâs groomingâ product segment.
The company had posted a net profit of Rs276crore in the October-December quarter a year ago. Revenue from operations of the company went up by 16.33 per cent to Rs 2,122 crore during the quarter under review as compared to Rs 1,824 crore in the corresponding period of the previous fiscal, Marico said in a BSE filing.
Marico said in Q3FY21, revenue from operations grew on the back of a strong domestic volume growth of 15 per cent and a constant currency growth of 8 per cent in the international business. In the India business, the company witnessed robust demand trends across more than 95 per cent of its portfolio amidst steadily improving consumer confidence and a declining COVID-19 graph, the firm said.
Marico Q3 Net Profit Rises 13% To Rs 312 Crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
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Marico Ltd Q3 Net Profit Rises 13 % To Rs 312 Cr
Revenue from operations of the company went up by 16.33 per cent to Rs 2,122 crore during the quarter under review as compared to Rs 1,824 crore in the corresponding period of the previous fiscal, Marico said in a BSE filing.
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FMCG firm Marico Ltd on Wednesday reported a 13.04 per cent increase in consolidated net profit to Rs 312 crore for the quarter ended December 2020.
The company had posted a net profit of Rs 276 crore in the October-December quarter a year ago.
Revenue from operations of the company went up by 16.33 per cent to Rs 2,122 crore during the quarter under review as compared to Rs 1,824 crore in the corresponding period of the previous fiscal, Marico said in a BSE filing.
Marico Q3 results: Profit up 13% at Rs 312 crore, India revenue rises 18%
Marico Q3 results: India business delivered a turnover of Rs 1,627 crore, up 18 per cent on a YoY basis, on the back of a strong underlying volume growth of 15 per cent
Chitranjan Kumar | January 27, 2021 | Updated 17:24 IST
Marico Q3 profit rises 13% to Rs 312 crore
Marico has reported 13.04 per cent year-on-year rise in consolidated net profit at Rs 312 crore for the third quarter ended December 31, 2020. The consumer goods company, which owns brands such as Parachute, Saffola, Nihar Naturals, Set Wet, Livon, had posted consolidated net profit of Rs 276 crore in the October-December quarter of 2019, Marico said in a regulatory filing.