FMCG firm Marico posted an 18 percent rise in consolidated net profit at Rs 218 crore (approx $29.8 million) for the second quarter ended September as compared to Rs 185 crore it had reported in the year-ago period.
Patym Mall, owned by Paytm E-Commerce, is looking to strengthen its presence in the country’s e-commerce market and has partnered with over 100 FMCG brands including Marico, Hindustan Unilever and others to drive sales.
The fast moving consumer goods business Marico is banking on new acquisitions to lead to growth in the premium space as it forays into the fast growing male grooming market as its core business slows down.
The fast moving consumer goods (FMCG) business Marico is targeting between eight and ten percent growth this fiscal year, as it continues to invest in beauty and personal care brands, as well as e-commerce.
The fast moving consumer goods (FMCG) business Marico has launched a new online brand under the umbrella of its subsidiary Set Wet. The brand, called 'Studio X, is Marico’s first online exclusive brand.