Budget 2024: 9-point agenda to drive reforms: Marico CEO
The budget allocates ₹2.66 lakh crore for rural development and ₹1.52 lakh crore for agriculture to stabilise rural economies and support farmers.
The budget allocates ₹2.66 lakh crore for rural development and ₹1.52 lakh crore for agriculture to stabilise rural economies and support farmers.
The share price of Marico hit an all-time high of ₹666.85 on Friday, rebounding 37% from its 52-week low of ₹486.75 touched on March 19, 2024.
Marico says it witnessed an uptick in rural sentiment towards the end of the quarter.
Sustainability takes centre stage as businesses combine economic and ESG goals.
“In the given context, domestic volumes grew in low single digits on a year-on-year basis with a slight sequential improvement in our core portfolio,” says Marico.
Tying up with a few helplines where employees can share their concerns isn’t enough. There needs to be a systemic change
In the September quarter, the revenue from operations, however, declined by 0.8% to ₹2,476 crore as against ₹2,496 crore in the same period last year.
Promoters from the sector see a decent rise in their net worth despite a tough year.
The consumer goods company expects to deliver 13-15% revenue growth on the back of 8-10% domestic volume growth over the medium term.
The company has acquired land and building from Marico in Himachal Pradesh's Paonta Sahib in an all cash deal for ₹16.70 crore.