Marico Q4 results: Net profit rises 14% at Rs 227 cr; sales up 34.5%
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Last Updated: Apr 30, 2021, 04:30 PM IST
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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.
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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 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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FMCG stocks were trading in red, with the S&P BSE FMCG Sector index decreasing 14.11 points or 0.11% at 12760.89 at 13:49 IST. Among the components of the S&P BSE FMCG Sector index, Bajaj Consumer Care Ltd (down 2.89%), Emami Ltd (down 1.42%),Marico Ltd (down 0.81%),Britannia Industries Ltd (down 0.79%),Vishwaraj Sugar Industries Ltd (down 0.7%), were the top losers. Among the other losers were Colgate-Palmolive (India) Ltd (down 0.68%), ITC Ltd (down 0.58%), Hindustan Unilever Ltd (down 0.54%), Parag Milk Foods Ltd (down 0.51%), and Associated Alcohols & Breweries Ltd (down 0.42%). On the other hand, Tasty Bite Eatables Ltd (up 5.55%), Advanced Enzyme Technologies Ltd (up 5.49%), and Dhampur Sugar Mills Ltd (up 5.17%) turned up.
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Mukesh Ambaniâs Reliance Retail Ltd. is co-opting neighbourhood stores into his vision of creating a network for JioMartâa marriage of brick-and-mortar and online retail. These