Marico raises stake in Plix parent to 84.09%; Q2 revenue expected to grow in double digits
60-Word AI Digest
Marico has raised its stake in Satiya Nutraceuticals, owner of The Plant Fix–Plix, to 84.09% after acquiring an additional 24.09% for Rs 1,012.03 crore. The company also reported strong Q2 momentum and expects double-digit revenue growth and mid-twenties operating profit growth.
Key Takeaways
- Marico has raised its stake in Satiya Nutraceuticals, owner of The Plant Fix–Plix, to 84.09% after acquiring an additional 24.09% for Rs 1,012.03 crore.
- The company also reported strong Q2 momentum and expects double-digit revenue growth and mid-twenties operating profit growth.
- Full details and original dispatch available below.
Marico has raised its stake in Satiya Nutraceuticals, owner of The Plant Fix–Plix, to 84.09% after acquiring an additional 24.09% for Rs 1,012.03 crore. The company also reported strong Q2 momentum and expects double-digit revenue growth and mid-twenties operating profit growth.
Original Publisher Attribution
This summary was curated from Economic Times.