Parachuting Financial News

Marico shares have gained 8% in a month, outperforming the 5% gain in Nifty FMCG index in a choppy environment. The FMCG major is expanding into high-growth segments such as value-added foods, premium personal care, and digital-first brands. It expects a double-digit revenue growth in FY26, driven by healthy volume growth and continued momentum in foods and premium personal care portfolios. The company expects growth to pick up from FY26, driven by stronger urban demand, stable pricing, and momentum in premium personal care, foods, and international markets. While Q3 remained modest, core brands like Parachute and Saffola held firm. Foods and premium segments are projected to grow 20-25% annually. For the domestic business, volume growth in December quarter was 6% vs 2% growth in the year-ago quarter.

Subscribe to enjoy similar stories.Mumbai: Marico Ltd, synonymous with brands such as Parachute and Saffola, aims to earn ₹15,000 crore revenue in FY27 and ₹20,000 crore by FY30, as the consumer goods major sharpens its focus on premium products, packaged foods and a digital-first push. To meet its targets, the company looks to tap the growing wellness and premium personal care segments, moving from its commodity-centric profile.“We have multiple vectors of growth, and we have factored that not all 100% will fire every year,” managing director and chief executive officer Saugata Gupta told Mint in an interview.Marico on Tuesday reported a 9.3% rise in FY26 consolidated net profit to ₹1,813 crore.

Marico Ltd, even as war-led disruption and cost pressures are set to lash its fast-moving consumer goods (FMCG) peers. The Nifty FMCG index is down 16% so far this year, while Marico’s stock has been largely flat.

Subscribe to enjoy similar stories. NEW DELHI: Prices of key inputs for the fast-moving consumer goods (FMCG) sector are moving in opposite directions, creating a mixed margin outlook for companies such as Hindustan Unilever, Marico and Parle Products. Several agricultural inputs and packaging materials, for instance, are getting cheaper, while other commodities such as sugar, coffee, and fishmeal are becoming more expensive, potentially producing an uneven impact on FMCG companies' profit margins.

loitering munition test facility during a visit to Nagpur. The first-of-its-kind testing facility has a 1.27-km long runway dedicated to developing indigenous Medium Altitude Long Endurance (MALE) and High Altitude Long Endurance (HALE) drones for the Indian Armed forces. The PM also dedicated a 1,080-acre test range for loitering munition at the same complex, geared to develop next-generation munition by Solar Defence and Aerospace. «Spread over 1,080 acres, this test range has a dedicated Command & Control Centre, UAV Take-off Area, Endurance and Communication Range check facility, Parachute Recovery Area, Static & Moving Target Engagement, Target Hit and CEP Measurement and Warhead Lethality Test facility,» company officials said, adding that a suo moto proposal for developing an indigenous MALE drone has been submitted and is being processed by the ministry.

Subscribe to enjoy similar stories. Sandy Button of Pea Ridge, Ark., was born in 1952, grew up watching black-and-white television, and got her first computer in the 1980s. Now? She makes half a dozen orders a week on her smartphone, and minutes later packages come from the sky.

Subscribe to enjoy similar stories. Marico Ltd has held up better than its FMCG peers amid muted urban demand. While the Nifty FMCG index has dropped 19% over the past six months, Marico’s stock has declined by just 6%, reflecting its relative resilience.

NASA astronaut Sunita Williams, celebrated her safe return to Earth on Wednesday by performing aarti and offering prayers after she spent nearly nine months in space. The celebrations began after the successful splashdown of the Dragon spacecraft, which brought Williams back to Earth along with Crew-9 members Butch Wilmore, Nick Hague, and Russian cosmonaut Aleksandr Gorbunov. Earlier, the NASA astronaut's cousin, Dinesh Rawal, organized a 'Yagna' in Ahmedabad on Tuesday to pray for her safe return. SpaceX confirmed the splashdown, and NASA astronaut Nick Hague shared that the crew was «grinning ear to ear» after their safe return. Following the landing, NASA astronaut Nick Hague delivered his first message to mission control. While the audio was somewhat unclear, Hague could be heard saying that the crew was «grinning ear to ear,» CNN reported.

NASA announced that Wilmore and Williams will depart the ISS on Tuesday, March 18, with the Crew Dragon splashdown scheduled for approximately 5.57 pm EST. The space agency's decision to bring forward the astronauts' return was based on favourable weather conditions. Have you ever wondered why American astronauts opt for splashdown instead of landing on solid ground? Let's try and find out. ALSO READ: Sunita Williams' final moments in ISS: What did the NASA astronaut do before leaving for Earth?

mid-air seizure during a free fall. The video, which has resurfaced on the internet, shows the skydiver losing control and spiralling uncontrollably while becoming unconscious.

Marico on Friday estimated its consolidated quarterly revenue will rise in the mid-teen percentage range, boosted by improving rural consumption and higher demand for its Parachute and Saffola brands of oils. Cooking oil has largely withstood a broader slowdown among branded consumer goods due to its essential nature, according to analysts, even as brands raised prices in recent months to make up for higher ingredient costs.

South Indian films and web series to your screens. From crime thrillers to heartfelt dramas, there’s something for every viewer to enjoy. Here’s a roundup of the must-watch South OTT releases coming this week on Netflix, Prime Video, Disney+ Hotstar, Zee5, and more.

Subscribe to enjoy similar stories. NEW DELHI : A tiny bottle of coconut oil--Would you use it to cook up a meal, or to nourish your hair? The seemingly trivial question is close to being answered, after winding through a tax tribunal, a government department, and India's top court for over 15 years. At stake: Heavy taxes and higher prices if the product is labelled a kitchen ingredient, and potential impact on other dual-use products.

Subscribe to enjoy similar stories. Let’s face it, you’re online right now, refreshing apps and looking for news. If you’re scrolling anyway, maybe try fixing something in your life—in 15 minutes or less.

Indian Army special contingent of 25 personnel departed to Indonesia on Friday for a joint exercise 'Garud Shakti'. The 9th edition of India-Indonesia Joint Special Forces Exercise Garud Shakti 24 will be conducted from November 1 till 12. The Indian Army personnel will be reaching Cijantung in Jakarta, Indonesia.

Reserve Bank of India (RBI) has been carrying out a nimble balancing act over the past couple of months to ensure exchange-rate stability, supplying dollars in a broader trade deficit environment, but not allowing the rupee to breach the psychologically crucial 84 mark to a dollar. Over the past month-and-a-half, the rupee has hit new lows versus the dollar on several occasions as speculation about a growth slowdown in the US has sparked risk aversion, weakening global investor appetite for emerging market currencies.

Boeing’s Starliner spacecraft was set to return to Earth, marking the end of a 14-year mission fraught with challenges. The uncrewed spacecraft was due to perform a crucial deorbit burn at 11:17 p.m. EDT, aiming for a landing at the White Sands Space Harbor in New Mexico shortly after midnight. The landing test would evaluate Starliner’s heat shield and a newly redesigned parachute system. Boeing's Starliner mission, a pivotal endeavor that started 14 years ago, is now reaching its critical phases as it makes its return journey to Earth. The spacecraft’s deorbit burn is a key maneuver needed to slow it enough for gravity to pull it back to the planet, targeting a safe landing at the vast, flat expanse of White Sands Space Harbor. The success of the landing will depend heavily on the deployment of its parachutes, followed by airbags to ensure a soft touchdown, expected around 12:03 a.m. EDT on September 7. NASA astronauts currently aboard the International Space Station (ISS) have been vocal in their support for the mission control team. Sunita Williams and Butch Wilmore offered encouraging words as Starliner prepared to undock and return home.

Boeing Starliner spacecraft is set to make its journey back to Earth from the International Space Station (ISS) this Friday. The uncrewed capsule will depart from the ISS, leaving behind its crew members, NASA astronauts Suni Williams and Butch Wilmore, who will continue their mission on the orbital outpost. Despite the spacecraft's earlier technical challenges, both NASA and Boeing express confidence in a successful return, although not confident enough to have the astronauts onboard for this particular trip. Steve Stich, NASA's commercial crew program manager, conveyed optimism during a recent briefing, stating, “We have confidence in the vehicle. It’s been a journey to get here, and we’re excited to have Starliner undock and return”, as quoted in a report by USA Today.

Marico Ltd said during the company’s post-earnings call on Monday. The Parachute hair oil maker on Monday reported a 4% increase in domestic volumes, as consolidated revenue rose 7% year-on-year. For the quarter ended 31 March, the company had alluded to a “visible uptick" in rural demand albeit towards the end of the quarter.