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Marico acquires 60% stake in Apcos Naturals that owns Just Herbs

Marico acquires 60% stake in Apcos Naturals that owns Just Herbs
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Marico fourth quarter net profit up 14% at Rs 227 cr; sales rise 34 5%

FMCG firm Marico Ltd on Friday reported a 14.07 per cent increase in its consolidated net profit at Rs 227 crore for the March 2021 quarter, helped by a double-digit volume growth in the domestic market. The company had posted a net profit of Rs 199 crore in the January-March quarter a year ago, Marico said in a BSE filing. Revenue from operations of the Mumbai-based firm was up 34.49 per cent at Rs 2,012 crore during the quarter under review as against Rs 1,496 crore in the corresponding period of the previous year. In Q4 FY21, revenue from operations grew by 34 per cent YoY to Rs 2,012 crore (USD 276 million) backed by robust volume growth of 25 per cent in the domestic business and constant currency growth of 23 per cent in the international business, Marico said in a post earning statement.

Marico Q4 results: Net profit rises 14% at Rs 227 cr; sales up 34 5%

Marico Q4 results: Net profit rises 14% at Rs 227 cr; sales up 34.5% SECTIONS Last Updated: Apr 30, 2021, 04:30 PM IST Share Synopsis Revenue from operations of the Mumbai-based firm was up 34.49 per cent at Rs 2,012 crore during the quarter under review as against Rs 1,496 crore in the corresponding period of the previous year. PTI The company had posted a net profit of Rs 199 crore in the January-March quarter a year ago, Marico said in a BSE filing. Related NSE NEW DELHI: FMCG firm Marico Ltd on Friday reported a 14.07 per cent increase in its consolidated net profit at Rs 227 crore for the March 2021 quarter, helped by a double-digit volume growth in the domestic market.

Yes Bank posts higher-than-expected loss for quarter ended March 31

Yes Bank on Friday posted a higher-than-expected loss for the quarter ended March 31, 2021. The private sector lender reported a net loss of Rs 3,787.75 crore against a loss of Rs 3,668.33 crore in the same period of the previous year. Analysts had expected Yes Bank to suffer a net loss of Rs 500-1,000 crore. The widening of losses came on the back of a steep fall in its core net interest income (NII-interest earned minus interest expended) which declined to Rs 987 crore from Rs 2,560 crore in the preceding three months and Rs 1,274 crore in the same period of the previous year. Moreover, provisions also rose to Rs 5,240 crore, a sequential jump of 138 per cent over Rs 2,199 crore and a 7.5 per cent rise over Rs 4,872 crore in the year-ago period.

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