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₹199 cr on Covid-19 disruptions

city New Delhi covid-19 outbreak 2020
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New Delhi: FMCG firm Marico Ltd on Monday reported a 50.62 per cent decline in consolidated net profit at ₹199 crore for the fourth quarter ended March 2020 due to COVID-19 related disruptions.

The company had posted a net profit of ₹403 crore in January-March quarter a year ago, Marico said in a BSE filing. Its net sales dropped 7.02 per cent to ₹1,496 crore during the quarter under review as compared with ₹1,609 crore in the corresponding quarter of previous year. "The company witnessed some encouraging signs in demand in its core portfolios until early March, which sharply diminished amidst COVID-19 outbreak as economic activity progressively slowed and adherence to social distancing norms became an imperative," Marico said in a

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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