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

Marico has increased its stake in Satiya Nutraceuticals, the parent company of Plix, to 84.09% by acquiring an additional 24.09% for Rs 1,012.03 crore. This move is significant for the company's growth prospects, as Marico now has a substantial controlling interest in Satiya Nutraceuticals. The expected double-digit revenue growth and mid-twenties operating profit growth in Q2 suggest a strong momentum for the company, which could have a positive impact on its stock price and overall market performance.

Why it matters

Marico has increased its stake in Satiya Nutraceuticals, the owner of The Plant Fix–Plix, which could lead to increased revenue and growth for the company. This move may also indicate a positive outlook for the company's future prospects.

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