Marico raises stake in Plix parent to 84.09%; Q2 revenue expected to grow in double digits
A quarterly results development with market-wide reach.
· Economic Times Markets, ET Stocks
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.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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