Live Breaking News & Updates on Marico ltd on monday
Stay updated with breaking news from Marico ltd on monday. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As of 31-Dec-2023, promoters held 59.36 per cent stake in the company, while FIIs held 25.69 per cent and domestic institutional investors had 3.08 per cent.
Shares of Marico Ltd ended on a flat note today even as the FMCG firm announced an interim dividend of Rs 6.5 per equity share of Re. 1 each. The record date for the said interim dividend will be March 6, 2024. The second interim equity dividend for the financial year 2023-24 will be paid to such shareholders on or before Thursday, March 28, 2024, said Marico in a communication to bourses.
FMCG companies are targeting the mass segment by launching digital first products at lower prices due to the growth of e-commerce. This shift includes companies like Parle Products, Emami, Dabur, and Hindustan Unilever (HUL), driven by the need to reduce online costs and increase volume sales.