VERIFIEDET Markets·5 Oct 2026positive

Marico raises stake in Plix parent to 84.09%; Q2 revenue expected to grow in double digits

AI Summary

·Marico increased its stake in Satiya Nutraceuticals, the owner of Plix, to 84.09% by acquiring an additional 24.09% for Rs 1,012.03 crore.
·The company anticipates double-digit revenue growth for the second quarter.
·Marico expects mid-twenties operating profit growth in Q2.