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Marico Limited plans to double its foods portfolio in FY27 and expect its domestic revenue share from food and personal care to increase from 20% to 25%. The companys foods division recorded a 24% value growth YoY, closing the year at four times its scale in FY20. The company is also aiming for consistent improvements in profitability as its Foods and Digital-First sections grow.

The company said that the International business reverted to clocking double-digit constant currency growth, led by Bangladesh bouncing back from transient headwinds and rest of the markets maintaining their positive momentum.

From beaten-down valuations and a rudderless path, Zomato-owned Blinkit has raced ahead in the express delivery segment.

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In the event of second interim dividend, the record date shall be March 6, 2024, said the management

However, scaling these businesses beyond the niche markets while staying profitable presents a major hurdle. While their operating revenue might be booming, these brands, which sell products such as chocolate and protein bars, millets and dry fruits-based snacks, granola bars, oats, and breakfast cereal, also widened their losses during the year.

Get latest articles and stories on Business at LatestLY. Hyderabad (Telangana) [India], December 9: GrabOn, India's leading online savings destination, is elated to announce the resounding success of its dual-spectacle event - the Cricket Fantasy League (CFL) and Bachat Wali Diwali (BWD). The campaigns, held in tandem with the cricket World Cup fervor and the joyous Diwali season, witnessed an unprecedented surge in user participation, making it a memorable edition for GrabOn. Business...

General trade remains the mainstay of FMCG sales in India, despite the surge in ecommerce in the past three years since the outbreak of Covid-19 and high growth of modern trade led by retail chains such as Reliance Retail and D’Mart.

Marico anticipates a return to revenue growth in the second half of the financial year. Price adjustments due to reduced inflation in the domestic market impacted revenue but helped maintain market share and expand product penetration. The CEO expects positive revenue growth in H2 as pricing deflation stabilizes.