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Marico Q1 Profit Rises 15.6%; SBI Cards Sees Decline — Earnings Wrap

Marico Ltd.’s profit in the first quarter ended June rose, in line with estimates, even as volumes declined on steep price hikes.

Net profit of the maker of Parachute hair oil and Saffola cooking oil rose 48% sequentially to Rs 371 crore in the quarter ended June 30, according to its exchange filing. That compares with the Rs 367.7-crore consensus estimate of analysts tracked by Bloomberg. ....

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PE firm Apis poised for showcase exit from India despite public market setback

Private equity firm Apis Partners, which is raising its third fund that could push its total assets under management to around $1.4 billion, has harvested neat returns via a .. ....

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