Live Breaking News & Updates on Marico Ltd On Monday
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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. ....