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Marico lifts its stake in Plix’s parent to 84.09% and expects double-digit Q2 revenue growth

The Economic Times reports Marico paid Rs 1,012.03 crore for an additional 24.09% of Satiya Nutraceuticals.

Economic TimesET
1 Source, 28m ago, first seen 28m ago

TLDR

The Economic Times reports Marico bought another 24.09% of Satiya Nutraceuticals, owner of The Plant Fix–Plix, on October 5, taking its holding to 84.09%. Marico expects double-digit consolidated revenue growth and mid-twenties operating profit growth for the quarter ended September 30, 2026. The company plans to acquire the remaining 14.09% in July 2027, subject to the agreements’ terms.

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Economic Times@EconomicTimesMarico raises stake in Plix parent to 84.09%; Q2 revenue expected to grow in double digits - markets team https://economictimes.indiatimes.com/markets/stocks/news/marico-raises-stake-in-plix-parent-to-84-09-q2-revenue-expected-to-grow-in-double-digits/articleshow/134711889.cms28m
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    1 Source

    Economic Times@EconomicTimesMarico raises stake in Plix parent to 84.09%; Q2 revenue expected to grow in double digits - markets team https://economictimes.indiatimes.com/markets/stocks/news/marico-raises-stake-in-plix-parent-to-84-09-q2-revenue-expected-to-grow-in-double-digits/articleshow/134711889.cms28m
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