Marico Ltd rallied as much as 14.7 per cent in trade on Tuesday to hit its fresh 52-week high of Rs 294.45, after the FMCG firm said that it is aiming to double its sales in the next four years with emerging markets of Asia and Africa expected to be lead the growth, with focus on key categories including hair, food and wellness.
The company, which reported net sales of Rs 4,676.18 crore in the previous fiscal, in an investors' update outlined its medium term strategic approach stating its business ambition is to double topline in 4 years.
The company at present has operations in Bangladesh, Egypt, the Middle East, South Africa, Malaysia and Vietnam and is also looking at expanding its global operations further.
The company, which reported net sales of Rs 4,676.18 crore in the previous fiscal, in an investors' update outlined its medium term strategic approach stating its business ambition is to double topline in 4 years.
The company at present has operations in Bangladesh, Egypt, the Middle East, South Africa, Malaysia and Vietnam and is also looking at expanding its global operations further.
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