Copra

The MSP for milling copra was increased by 52 percent over and above the cost of production to Rs 10,335 from Rs 9,960. The cost of production is 6,800.

Marico Q2 profit rises 18%, domestic volume growth disappoints

FMCG company Marico's second quarter consolidated profit jumped 18.1 percent year-on-year to Rs 180.6 crore on operational efficiencies while revenue fell 0.7 percent to Rs 1,443 crore.

Marico Q2 profit seen up 18%, domestic volume growth may be 6-8%

FMCG major Marico's second quarter profit is seen rising 18 percent year-on-year to Rs 177.2 crore and revenue may increase 2.3 percent to Rs 1,519 crore, according to analysts polled by CNBC-TV18.

Likely to achieve 7% volume target this quarter: Marico

FMCG major Marico posted an 18 percent increase in its third quarter consolidated net profit year-on-year to Rs 160 crore on higher revenue growth. The bottomline and operational performance was ahead of expectations while topline met estimates.

CCEA may hike copra MSP by Rs 250/qtl for 2013

Cabinet Committee on Economic Affairs (CCEA) is likely to consider a proposal to increase the minimum support price (MSP) of copra by up to Rs 250 to Rs 5,600 per quintal for the current year.

Price hikes, volumes boost Marico Q3 cons net up 21% YoY

Marico's third quarter consolidated net profit rose 21% year-on-year to Rs 84.12 crore, helped by good growth in volumes and price hikes taken during the quarter to offset high input costs.

Panic not! Marico says issued guidance, not profit warning

Consumer products-maker, Marico fell nearly 9% in morning trade today over concerns that the company would not report robust profits for the coming few quarters.

Marico tumbles after profit warning; Goldman cuts estimates

Marico shares tumbled over 8% on Thursday, after investors failed to digest a profit warning issued by the company late Wednesday. The FMCG company has gone to the extent of branding analysts' profit expectations as "excessive" in its update, which surprised the market.

FMCG cos hike prices even as mkt debates a likely slowdown

Even as there is a talk of a possible slowdown in consumer spending amid continued high inflation and the stock markets are in turmoil, FMCG companies have been slowly raising product prices, especially in soaps & detergents and personal care products.

Decline in margins due to high raw material cost: Marico

Marico announced a 15.3% year-on-year growth in net profit today to Rs 85 crore. Despite this, the margins declined due to increasing cost of raw materials, especially in the hair oils segment.

Marico Q1 consol net up 15%, but margins decline

FMCG company Marico’s net profit for the first quarter rose 15.3% year-on-year to Rs 85 crore, boosted by strong sales growth and acquisitions it made in the last one year.

Marico sees 6-8% volume growth in coconut oil business

Fast moving consumer goods firm Marico expects a 6-8% volume growth in its core coconut oil business over the “medium term”, the company said in a press release while detailing its fourth-quarter results on Monday. However, Marico cautioned that operating margins would continue to remain under pressure due to rising input costs.

Egypt ops to see short-term impact this quarter: Marico

Recent political turmoil in Egypt has affected production of two Marico plants in the North African country. In an interview with CNBC-TV18, Saugata Gupta, CEO - Consumer Products, Marico spoke on the impact of the crisis on its business.