%in one year. Its market capitalisation stood at Rs 43,517 crore at the end of market hours today Marico share rate closed lower in trade today after the durable goods business in an upgrade for the 3rd quarter
said consumption patterns fell listed below expectations amid soft demand for products. Share cost of Marico fell 2.79%intra day to Rs 336.20 against previous close of Rs 345.85 on BSE. Marico stock closed 2.53 %or 8.75 points lower at Rs 337.10 on BSE. The large cap stock has lost 10% in one year. Its market capitalisation stood at Rs 43,517 crore at the end of market hours today.
Top 10 IPOs to keep an eye out for in & 2020: Burger King, UTI AMC, NSE & more The firm which produces charm and wellness products saw development throughout individual care staying under pressure. Foods and allied classifications fared reasonably better, the firm said in an interaction to bourses. Growth in modern-day trade and ecommerce also slowed down, partially due to specific cost management steps taken in these channels to counter inter-channel conflict.
The impacts of financial slowdown leading to a downturn in need were likewise felt when the company revealed its earnings for the 2nd quarter ended September 2019.
“The business had a soft second quarter in the face of a challenging liquidity and intake environment in the domestic market, specifically in rural, while the international business supplied some reprieve on the back of a robust performance in Bangladesh,” Marico said in its Q2 incomes release.
Rakesh Jhunjhunwala’s profit more than doubles in Ion Exchange stock in 2019 The homegrown FMCG significant reported a 17 per cent year-on-year(Y-o-Y
)growth in its combined net revenue at Rs 253 crore for the 2nd quarter ended September 30, 2019, aided by improvement in operating margin and growth in global organisation. It reported combined net revenue of Rs 216 crore in the corresponding duration of financial 2018-19
. Consolidated earnings from operations fell partially to Rs 1,829 crore in Q2FY20 as versus Rs 1,837 crore in Q2FY19, with an underlying domestic volume development of 1 per cent and continuous currency growth of 9 per cent in the global business.
Marico stock closed 2.53%or 8.75 points lower at Rs 337.10 on BSE. Marico stock closed 2.53 %or 8.75 points lower at Rs 337.10 on BSE. Consolidated income from operations fell partially to Rs 1,829 crore in Q2FY20 as versus Rs 1,837 crore in Q2FY19, with an underlying domestic volume development of 1 per cent and consistent currency development of 9 per cent in the global business.
