Business News & Economy – Page 12282 – FinSiddhi

Marico to prioritise margins over volumes in certain segments

Marico is now prioritizing profitability over volume and rapid expansion. The company is focusing on premiumization and higher-margin businesses for growth. Marico is willing to forgo volumes in certain channels that lack profitability. Acquisitions will now focus on profit improvement rather than rapid growth. The company continues to invest aggressively in general trade distribution channels.

Pidilite’s consolidated net profit up by more than 30% in June quarter

Pidilite Industries saw profits rise over thirty percent year-on-year. Revenue from operations increased by more than twenty-one percent during the quarter. Earnings before interest, tax, depreciation, and amortisation also jumped significantly. Sales volume grew by more than eleven percent, aiding the company’s performance. The company implemented price hikes across categories to manage rising input costs.