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Marico eyes Rs 100 crore revenue from Saffola honey in FY22: Report

On January 28, Marico reported a 13.04 percent year-on-year increase in consolidated net profit to Rs 312 crore for the quarter ended December 31, 2020.

January 29, 2021 / 01:19 PM IST
Representative image (Pixabay)

Representative image (Pixabay)

 
 
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Fast moving consumer goods (FMCG) company Marico has set a revenue target of Rs 100 crore in 2021-22 from its Saffola branded packaged honey.

"The brand (Saffola Honey) is expected to touch Rs 100 crores in revenues in FY22," Marico said in a BSE filing.

On January 28, Marico reported a 13.04 percent year-on-year increase in consolidated net profit to Rs 312 crore for the quarter ended December 31, 2020. The company's revenue from operations in Q3FY21 rose 16.33 percent YoY to Rs 2,122 crore.


According to a Mint report, Marico Chief Executive Officer Saugata Gupta said Saffola honey is "ramping up very well", ahead of the company's launch estimates.Also read: Marico Q3 net profit rises 13% to Rs 312 crore