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Marico stock zooms 10% on strong Q4 earnings The company reported a consolidated net profit of Rs 227 crore for the quarter ended March 31 BusinessToday.In | May 3, 2021 | Updated 17:51 IST Representative Image Share of Marico hit a 52 week high of Rs 452.80 rising 10% on BSE after the company posted robust volume growth of 25 per cent in the domestic business. The stock ended in green at Rs 445.40, up 8.20 per cent on the BSE. The FMCG major has delivered 55 per cent returns in the last 12 months. The company reported a consolidated net profit of Rs 227 crore for the quarter ended March 31. Profit in the year-ago period stood at Rs 199 crore. ....
Marico rose 1.45% to Rs 415.90 after the company reported 17% jump in consolidated net profit to Rs 238 crore on 34% increase in revenue from operation to Rs 2,012 crore in Q4 FY21 over Q4 FY20.During the quarter, the revenue growth was backed by robust volume growth of 25% in the domestic business and constant currency growth of 23% in the international business. The company witnessed strong momentum in each of the core portfolios of the India business while steadily strengthening its play in Foods through innovation. However, a part of the optical growth was also due to a lockdown-affected base (however relatively stronger than most sectoral peers) and partial normalization of the historical skew in Q4 and Q1 revenues. ....
Rural consumption lost steam before 2nd COVID-19 wave Synopsis Consumption of daily groceries and essentials in villages tapered off significantly during the March quarter, impacting the growth rate of the overall fast-moving consumer market even before the second wave hit the country. Consumption of daily groceries and essentials in villages tapered off significantly during the March quarter, impacting the growth rate of the overall fast-moving consumer market even before the second wave hit the country. India’s rural market expanded 3% in the January-March period, slowing sharply from 7% in the December quarter when the segment had posted a strong recovery after the lockdown, research firm Kantar Worldpanel said. ....
How e-commerce has changed shopping rules in the pandemic SECTIONS Last Updated: Apr 22, 2021, 08:09 AM IST Share Synopsis With parts of India under a fresh lockdown, no-contact deliveries and online payments have been life-savers in these unprecedented times. iStock Brands across sectors are using various aspects of digitisation, such as UPI, credit cards and even social media, for ease of payment options, minimising the use of cash and contact at the time of delivery. For shoppers, the imposition of fresh restrictions means it’s not just about finding a good deal online anymore. A good deal in 2021 means ease of shopping and payment, and most importantly, contact-less delivery. ....