Marico Industries Ltd declared a third interim dividend of 10 per cent on equity share capital for the financial year 2002-03.
A meeting of the board of directors of Marico Industries Ltd will be held on January 21, 2003 inter alia, to consider and take on record the unaudited financial results for the quarter ended December 31, 2002.
Marico Industries Ltd along with Adil & Associates acquired 70.50% in Sundari LLC, the owner of Sundari line of luxury ayurvedic skin care products.
According to data compiled by media research agency TAM, the rate of growth of advertising on television in terms of the number of hours was half during the January-June period this year in comparison with the corresponding period last year.
Marico Industries' net profit reported an eight per cent increase to Rs 53.08 crore for the year ended March 31, 2003 as against Rs 49.32 crore in FY02.
Marico Industries Ltd has posted a net profit of Rs 122.50 million for the quarter ended December 31, 2002 as compared to net profit of Rs 110.60 million in the quarter ended December 31, 2001.
Consumer goods companies are realising that men also participate in decisions about groceries
Temptation Foods, the Mumbai-based frozen foods exporter, is all set to revive talks with Marico Industries for buying the food brands Sil and Meal Maker, after receiving the approval of its shareholders to raise Rs 150 crore.
Harsh Mariwala, CMD, Marico Industries, touched upon the key challenges facing marketers and what brands must do to remain relevant.
CFO of Marico Industries Milind Sarwate believes that the FMCG sector has emerged out of the rut that it was in until a few years ago.
Kaya Skin Clinic, a venture of Marico Industries, has planned to set up shops in SAARC countries like Bangladesh and Sri Lanka while expecting a turnover of over Rs 20 crore (Rs 200 million) during 2004-05.
Kaya Skin Clinic, part of Marico Industries, on Thursday said more men in South India were turning to its clinics and it would increase the number of outlets in the country during this year.
Marico Industries Ltd has announced a 1.1 bonus issue of equity shares aggregating Rs 29 crore (Rs 290 million) and recommended a third interim dividend of 25 per cent.
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