COVID Realities from Marico’s Earnings Call
Moneylife Digital Team 08 May 2020
Earlier this week, Marico announced its March-quarter results. Revenues were down 7% and operating profit was down 4% compared to that in the same period last year, which means that operating margin was higher. But it is not these results that are relevant to investors currently. Because the world has now to deal with a much bigger issue—economic activity coming to a virtual halt due to...
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