MARICO NET PROFIT
ideaForge shares jump 7% as firm swings to profit in Q2, revenue soars 124% YoY
ideaForge shares surged over 7% after the company reported a turnaround to a Q2 FY27 net profit of Rs 6.46 crore, while revenue jumped 124% year-on-year to Rs 91.29 crore. Improved operating performance and new defence technology milestones boosted investor interest.
Marico shares jump 6% as strong Q2 puts growth story in overdrive, sparks bullish calls
Marico reported a 31% YoY rise in Q2 FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. Improved margins and strong volume growth prompted brokerages Jefferies, Systematix and Dolat Capital to maintain or upgrade Buy ratings and raise target prices, signalling optimism about growth prospects.
Marico profit jumps 31%, flags rising input costs amid West Asia woes
Marico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets. The company highlighted challenges from rising input costs due to geopolitical tensions and adverse weather circumstances. Managing director Saugata Gupta expressed awareness of potential inflation effects, especially in rural areas. Marico aims for mid-20% EBITDA growth by FY27 and expects annual revenue to exceed ₹15,000 crore.
Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
Marico Q2 Results: Net profit jumps 31% YoY to Rs 550 crore, revenue rises 12%
Marico reported a 31% YoY rise in Q2FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. EBITDA increased 27%, margins expanded to 18.2%, and management expects double-digit growth during FY27.
Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp
Indian equity benchmarks closed higher on Friday, with significant gains recorded in the Nifty 50 and BSE Sensex. Several major companies, including Reliance Industries and Jio Platforms, published positive quarterly earnings results. Reliance Industries saw a 41% increase in net profit, supported by strong performances in various sectors. Other companies like Sun Pharma and Indian Oil Corporation also reported significant changes in their net profits.
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Radico Khaitan’s premium spirits have a moment as regular volumes lose ground
Radico Khaitan’s net revenue rose 16.8% year on year to Rs 1,745.1 crore in Q2 FY27, while net profit jumped 66.1% to Rs 230.9 crore. Premium volumes surged 35.8%, offsetting a decline in Regular & Others volumes, which the company attributed to market-specific factors and a higher base.
Investors’ bets on Ola shrink as EV, ride-hailing businesses lose ground
As competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuations. Ola Cabs is increasingly losing ground to competitors like Rapido and Uber, alongside a notable decline in Ola Electric's electric two-wheeler market share. While the company confronts financial hurdles and operational setbacks, a number of investors successfully realized returns through strategic share sales prior to value drops.
Marico Q4 results: Profit slips 50% YoY; volumes drop 4%
It had posted a net profit of Rs 403 crore in the corresponding quarter last year.
Marico Q4 net rises 7.2% to Rs 183.2 crore
Marico’s consolidated total income during the March quarter stood at Rs 1,503 crore.
Marico Q3 net profit up 23.71 per cent to Rs 197.8 crore
Marico reported 23.71 per cent increase in consolidated net profit at Rs 197.8 crore for the third quarter ended December 31, on account of lower expenses.
Marico y-o-y net profit drops 1% to Rs 126.3 crore
The maker of Parachute hair oil and Saffola edible oil reported volume growth of 5.5% in domestic sales for the second quarter.
Marico Q2 net up 27% to Rs 150.72 crore
Its net sales during the first half of the current fiscal was up 7.10 per cent to Rs 3,265.00 crore as against Rs 3,048.37 crore in the same period a year ago.
Marico group's Kaya Limited to be listed on Friday
Kaya Limited, the skin care maker from the Marico group will be listed on the stock exchanges on August 14 after the scheme of arrangement with Marico Kaya Enterprises.
Marico Q4 net up at Rs 110 crore
FMCG firm Marico today reported a 23.94 per cent rise in consolidated net profit at Rs 110.03 crore for the quarter ended March 31.
Marico shares end over 3 per cent higher on Q1 net profit
Shares of Marico ended over 3% higher today after the company reported a consolidated net profit of Rs 185.27 crore for the quarter ended June 30.
Marico reports Q1 net profit at Rs 185.27 crore
Marico said results are not comparable with corresponding quarter last year as its skincare business 'Kaya' was demerged in October 2013.
Marico fourth-quarter net profit drops 20%
For the January-March quarter, it posted a Rs 88 crore net profit. Net sales rose 17% to Rs 1,072 crore. It had reported an exceptional item of Rs 47 crore a year earlier.
Marico Q3 profit up 32 per cent to Rs 135.36 crore
FMCG firm Marico today said its consolidated net profit rose by 32.32 per cent to Rs 135.36 crore for the third quarter ended December 31, 2013.
Marico Q1 net up 27% at Rs 157.72 crore
FMCG firm Marico Ltd reported 27.36 per cent increase in net profit at Rs 157.72 crore for the first quarter ended June 30, 2013.
Marico Q3 Net profit at Rs 105 crore
Shares of Marico were trading at Rs 225.50 on the BSE in late afternoon trade, down 0.81 per cent from its previous close.
Marico posts net profit of Rs 126 cr in Q1
FMCG major Marico today posted a consolidated net profit of Rs 125.78 crore for the first quarter ended June 30.
Marico Q4 net dips 4 per cent to Rs 69 crore
FMCG major Marico Ltd today said its consolidated net profit declined by 4.07 per cent to Rs 69.48 crore for the fourth quarter ended March 31, 2012.
Marico Q2 net profit up 9.4 % to Rs 78.29 crore
During the quarter under review, Marico's net sales increased by 25.6 per cent to Rs 974.45 crore from Rs 775.81 crore in the year-ago period.
Marico Q1 net up 15.28% at Rs 85 crore
FMCG firm Marico on Wednesday posted a 15.28 per cent rise in consolidated net profit to Rs 85 crore for the quarter.
Marico posts 42% jump in Q4 net profit
Consumer products maker Marico quarterly net profit rose 42%, lower than street estimates as one-time amount it received from the sale of edible oil brand 'Sweekar' boosted profit.
Marico Q3 net profit jumps 12 pc
FMCG firm Marico today reported 11.78 per cent increase in its consolidated net profit for the quarter ended December 31, 2010 at Rs 69.53 crore, helped by a robust performance in the rural areas.
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