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<ul><li>This initiative enables the consumer to order essential food items under the <keyword id="6361485" type="ORGANIZATION" weightage="20" keywordseo="marico">Marico</keyword> portfolio - Saffola Oils, Saffola Plain Oats, Saffola Masala Oats and Coco Soul Virgin coconut oil, from the safety of their homes. </li><li>This service is available on <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword> in Delhi NCR and Bangalore. It will be activated in other cities such as Mumbai, Kolkata, Chandigarh and Ahmedabad starting next week. </li><li>The <keyword id="6358977" type="UNKNOWN" weightage="20" keywordseo="swiggy">Swiggy</keyword> stores have started the delivery in Gurgaon and the service will be extended to the rest of Delhi NCR, Bangalore and Mumbai this weekend.</li></ul>Marico Limited has partnered with Swiggy and Zomato to introduce <keyword id="9012277" type="UNKNOWN" weightage="20" keywordseo="saffola-store">Saffola Store</keyword> on the country’s foremost foodtech platforms. This initiative enables the consumer to order essential food items under the Marico portfolio - Saffola Oils, Saffola Plain Oats, Saffola Masala Oats and Coco Soul Virgin coconut oil, from the safety of their homes. This service is available on Zomato in Delhi NCR and Bangalore. It will be activated in other cities such as Mumbai, Kolkata, Chandigarh and Ahmedabad starting next week. The Swiggy stores have started the delivery in Gurgaon and the service will be extended to the rest of Delhi NCR, Bangalore and Mumbai this weekend. With the rapidly escalating spread of COVID-19, availability of essentials is a critical need of the hour and so is consumer safety. Through this collaboration, Marico Limited aims to supply necessary food items to consumers without having them to step out of their homes, in these times of turmoil. The delivery services are designed in adherence to strict hygiene and safety guidelines. Commenting on this partnership, Sanjay Mishra, Chief Operating Officer- India Sales &amp; Bangladesh Business, Marico Limited said, “As India grapples with the unprecedented global pandemic, it is incumbent on every one of us to come together and extend our support. As one of India’s leading consumer companies, we are working towards ensuring the availability and easy access of essential food items to consumers. In an effort towards this, we have partnered with Swiggy and Zomato to provide Saffola and Coco Soul products to individuals’ doorstep in a safe manner.” Vivek Sunder, Chief Operating Officer, Swiggy, said, “Swiggy is committed to serving the citizens of our country in every way possible especially during these difficult times. Through our partnership with Marico, Swiggy will leverage and engage its extensive delivery fleet to ensure that essential products such as cooking oil and oats reach consumers quickly and in a safe manner. We are sure that this association will deliver immense value to our customers especially in this time of need.” “As an essential service provider, it is important we find ways to utilise our expertise to fight against this pandemic. We are glad to partner with Marico and be able to deliver the necessary products to our users. We are starting this partnership in Delhi NCR and Bangalore and will expand it to more cities by next week,” said Mohit Sardana, Chief Operating Officer-Food Delivery, Zomato.

You can now order essential food items from Marico on Swiggy and Zomato

<ul><li>Marico’s India Business delivers a volume growth of 21%.</li><li>More than 90% of the company’s domestic portfolio gains market share. </li></ul>In Q1FY22, Marico’s revenue from operations grew by 31% YoY to ₹2,525 crores (USD 346 million) with underlying volume growth of 21% in the domestic business and constant currency growth of 21% in the international business. In India, the FMCG giant witnessed positivity in the demand sentiment until late April, when stricter mobility restrictions were once again imposed in various states in response to the rising severity of the second COVID wave. Unlike the first wave, the pandemic affected deeper pockets of the country, but Marico’s business was not as disrupted as in the last year given that supply chains were able to weather localized and staggered lockdowns and retail stores operated for certain number of hours during the day. Growth in key portfolios also witnessed some impact due to relatively higher salience in South and West India, which saw heavier caseloads and extended lockdown restrictions. In addition, there was also a marginal correction (2-3% impact) of the historical revenue skew from Q1 towards the previous quarter (Q4FY21). Traditional trade continued to perform well with rural and urban growing in tandem. E-Commerce maintained its accelerated growth trajectory, while Modern Trade could only recover partially as lockdown-like curbs were back into effect in various states. CSD grew on a low base. The International business posted a strong broad-based recovery relative to the varying levels of impact in each of the markets in the base quarter. This was despite signs of moderation in demand witnessed due to the resurgence of COVID in Bangladesh and Vietnam towards the end of the quarter. Gross margin was down 759 bps YoY given the stark contrast in the cost of inputs consumed in the two quarters, as pricing interventions in the core portfolios could only partially alleviate the inflationary pressure. However, operating leverage benefits reduced the drop in EBITDA margin to 522 bps YoY. As a result, EBITDA was up 3% YoY and recurring PAT was up 8% YoY. Reported PAT was down 7%, due to exceptional gain in the base quarter. Other highlights relating to the quarter’s performance are as follows: <ul><li>∙ The core portfolios in the India business continued to log market share gains on a MAT basis, on the back of their market leadership position and strengthening equity.</li><li>∙ Traditional trade continued its healthy run with both urban and rural growing by 17% in volume terms. E-Commerce grew 61%, sustaining its strong momentum. Modern Trade and CSD grew 10% and 56%, respectively. ∙ Parachute Rigids grew 12% in volumes, posting growth in both core and non-core markets. The brand continued to gain volume market share of 80 bps (MAT Jun’21).</li><li>∙ Value Added Hair Oils grew 34% in volumes with each of the key brands clocking double-digit growth. The Company gained 70 bps volume market share to 37% (MAT Jun’21)</li><li>∙ The Saffola franchise, comprising Refined Edible Oils and Foods, delivered 24% volume growth and 60% growth in value terms. Saffola Edible Oils delivered low double-digit volume growth despite a strong base, on the back of investment in new markets and increasing household penetration. Saffola Foods grew by more than 100% in value terms, augmented by the new launches over the last 12 months. The base Oats franchise grew by 59% in value terms backed by increased penetration and market share gains. Saffola Honey continued to grow briskly on a sequential basis, and has garnered double-digit market share in key Modern Trade chains and consolidated 25%+ market share in E-Commerce. Saffola Oodles and Saffola Mealmaker Soya Chunks have been scaling up well.</li><li>∙ The Premium Personal Care (contributing less than 5% of revenues) recovered sharply on a low base but was still below pre-COVID levels, as discretionary consumption remained soft.</li><li>∙ In the International business, Bangladesh clocked 9% constant currency growth. South East Asia delivered 16% constant currency growth. MENA and South Africa recovered smarty on a low base.</li><li>∙ Advertising &amp; Sales Promotion grew by 27% YoY as the Company actively invested in its core franchises and recent Foods innovations, while maintaining a low-key in discretionary categories.</li></ul>

Marico's revenue from operations grew by 31% YoY to ₹2,525 crores in Q1FY22; advertising and sales promotion sees a growth of 27% YoY

<ul><li><keyword id="6359432" type="DOMAIN" weightage="20" keywordseo="britannia">Britannia</keyword>'s essentials products such as biscuits, cakes, rusk, croissants, milkshakes, wafers, ghee and dairy whitener will be sourced by <keyword id="3275685" type="PERSON" weightage="20" keywordseo="dunzo">Dunzo</keyword> from its distribution centers.</li><li>Earlier two FMCG makers - ITC Foods and Marico - had announced such partnerships to get their products delivered at consumer's doorsteps by using the service of app-based aggregators.</li></ul>FMCG major <keyword id="146218" type="COMPANY" weightage="20" keywordseo="Britannia-Industries">Britannia Industries</keyword> on Tuesday said it has partnered with Dunzo, an on-demand e-commerce platform, to deliver its range of products during the nationwide lockdown. Customers can get Britannia products at their doorsteps through the Dunzo app in less than an hour of ordering from the 'Britannia Essentials' store. The first store in Bengaluru will be operational from Tuesday onwards and would be extended to other cities such as Mumbai, Pune, Delhi, Gurgaon, Jaipur, Hyderabad and Chennai, a joint statement said. "During this unprecedented time, it is critical for us to maintain a continuous supply of our products which are daily staples in millions of Indian households. With a significant rise in demand for at-home delivery, we are happy to leverage Dunzo's innovative and most advanced technology platform, to enable seamless delivery of products every day," Britannia Industries Managing Director <keyword id="459296" type="PERSON" weightage="20" keywordseo="Varun-Berry">Varun Berry</keyword> said. Britannia's essentials products such as biscuits, cakes, rusk, croissants, milkshakes, wafers, ghee and dairy whitener will be sourced by Dunzo from its distribution centers. "Across the country, there is a demand for essentials and in these extraordinary times, companies need to rise to the occasion. We at Dunzo are committed to helping our cities fight the COVID-19 pandemic," Dunzo CEO and Co-Founder Kabeer Biswas said. Earlier two FMCG makers - ITC Foods and Marico - had announced such partnerships to get their products delivered at consumer's doorsteps by using the service of app-based aggregators. ITC Foods has announced partnership with Dominio's Pizaa and launched "Domino's Essentials" to deliver groceries and packaged foods to customers during the lockdown period. Marico has partnered online food ordering platform Swiggy and <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword> to deliver essential food items to consumers. Under this partnership, Swiggy and Zomato would deliver essential food items under the Marico portfolio which includes Saffola Oils, Saffola Plain Oats, Saffola Masala Oats and Coco Soul Virgin coconut oil, from their homes. India is presently going through an unprecedented complete lockdown of three weeks, ending on April 14, to prevent the spread of <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword>. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/zomato-and-swiggy-both-get-raise-funds-but-swiggy-leads-with-a-higher-valuation/articleshow/75008445.cms" data-type="tilCustomLink">Zomato and Swiggy both raise funds – but Swiggy leads with a higher valuation</a>

Britannia started home delivery of biscuits, cakes, rusk, croissants, milkshakes, wafers, ghee and dairy products

New Delhi, Apr 9 () FMCG major Marico said its January-March quarter EBITDA may see "modest decline" following disruptions on account of Covid-19 pandemic and associated lockdowns. During the lockdown period, there was a spike in the sales of its cooking oil brand Saffola as people were stocking household items, but overall, it had a "low single-digit volume decline" in the domestic business, Marico said in a regulatory filing. Though its India business had signs of "improvement across categories until early March", but it was offset by disruptions in the last 12 days in March, following lockdown in some states to contain the outbreak of Covid-19, Marico said. "Revenue decline (both in India and International business), coupled with an unfavourable mix in the India business, will translate into a modest decline in earnings before interest, tax, depreciation and amortisation (EBITDA) in this quarter vs the corresponding quarter last year," Marico said. According to the company, in such "unprecedented times" it has started an "aggressive cost management exercise" to mitigate the impact of reduced sales. The company aims to drive sustained profitable volume-led growth over the medium term, through strengthening the franchise network in core categories, it said. Marico would update the results for the quarter and financial year ended March 31, 2020, once it receives board approval. "Overall, the India business posted a low single-digit volume decline in the quarter, with very skewed high growth in the Saffola portfolio," Marico said adding overall secondary growth in the quarter was in low single digits. Moreover, during the quarter, traditional trade, which was already reeling under liquidity constraints, was further weakened. Presently, production is currently suspended at Marico's other manufacturing units and shall commence once government approvals are received. On distribution network, the company said it is "focusing on movement of essential food and grocery items to the consumers subject to necessary approvals from local government authorities and taking all possible efforts to ensure uninterrupted supplies of essential products to our customers across channels (General Trade, Modern Trade and ECommerce) within the existing constraints". Marico's international business was also impacted due to the pandemic of Covid-19. "With many of the territories experiencing partial or complete lockdown in March, the international business recorded a mid-single digit decline on a constant currency basis," it said. India is presently going through an unprecedented complete lockdown of three weeks, ending on April 14, to prevent the spread of coronavirus. KRH DRRDRR

COVID-19: Marico says Q4 EBITDA may see "modest decline"

<ul><li><keyword id="126855" type="PERSON" weightage="20" keywordseo="Harsh-Mariwala">Harsh Mariwala</keyword> introduced <keyword id="4545354" type="ORGANIZATION" weightage="20" keywordseo="Ascent-Foundation">Ascent Foundation</keyword> seven years ago to promote entrepreneurs. </li><li>Harsh nurtured some of the very popular brands in India including Saffola and Revival. </li><li>The foundation has 500 entrepreneurs taking part in the peer group discussions but less than 50 of them are women.</li><li> </li></ul>There are fewer women entrepreneurs in India and as a direct effect there are fewer people who encourage them. But Harsh Mariwala a billionaire who leads a <keyword id="2941844" type="PERSON" weightage="20" keywordseo="Fortune-India-500">Fortune India 500</keyword> company — Marico, wanted to solve this problem. He introduced Ascent Foundation seven years ago to promote entrepreneurs and help women entrepreneurs wade through the challenges of businesses, and grow. After all, he nurtured popular brands like Saffola and Revival. However, Mariwala had to rework his cause soon after as there just weren’t enough women entrepreneurs to work with. He turned his not-for-profit venture into a grooming ground for all entrepreneurs-- not just women. "I wanted to impact entrepreneurs in larger numbers. I started this to promote entrepreneurs. But there weren’t many women entrepreneurs,” Mariawala told Business Insider. Today, seven years later, the foundation has 500 entrepreneurs taking part in the peer group discussions but less than 50 of them are women. "Women's take on anything additional to office is very different and they consider it a tradeoff with their time with family" Archanna Das, Head ASCENT Foundation. Ascent is a peer-to-peer network that helps women entrepreneurs troubleshoot their problems through events and workshops. It periodically organises exciting, highly content-driven events like the flagship annual Conclave, Mixers, Workshops, Huddles, etc. They charge an annual fee of ₹10,000 from all the members to attend these events. “SMEs have a learning curve and we offer is a peer learning platform. We are playing a catalytic role,” Mariwala said. Right now, they have people with an annual turnover of up to ₹2,000 crore who are taking part in these peer groups. And only 10% of them are women. Mariwala still wants to help those who need help the most. He understood the issue and roped in Archanna Das (who is brand and communication management professional), and Shivani Divecha (who had curated events at TedxGate) for course correction. The team brought in stricter eligibility criteria and introduced the concept of initiator — a person who would initiate the talk for the first four months. The entrepreneurs — who want to become a member are required to have a turnover of ₹5 crore for product business or ₹1 crore for service business. They get access to the annual Ascent Conclave and other smaller events that happen from time to time. They also get access to a list of 30 mentors across industries who can guide them in dealing with their challenges including ex CEOs of prominent companies Ascent Foundation has also partnered with Stanford University and SP Jain to give their members access to certain courses on entrepreneurship. See also: 
 
 
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An Indian billionaire had to rework his philanthropic programme because there weren’t enough women entrepreneurs

<ul><li>In Q4FY21, Marico’s Revenue from Operations grew by 34% YoY to Rs 2,012 crore.</li><li>The company witnessed strong momentum in each of the core portfolios of the India business while steadily strengthening its play in Foods through innovation.</li></ul>FMCG Giant Marico has released its financial statement for Q4FY21. Its advertising and sales promotion grew by 35% YoY as the company invested aggressively mainly on core franchises and the Foods innovations, while continuing to drive spend rationalization and channelize investment towards growing franchises. Saugata Gupta, MD and CEO commented, “With the pandemic in India taking a severe turn, the year has ended on a rather sombre note. Marico stands united and committed to making a difference in the lives of all our stakeholders and the entire community at large, hoping that we overcome these extremely difficult times at the earliest and emerge stronger from it. It is the tremendous grit and fighting spirit of our people that has allowed both the domestic and international businesses to rebound impactfully on a year-on year basis. We expect the India business to remain resilient amidst uncertainty in the near term and see through the transient spike in input costs, while the stability in the International business is also reassuring. Over the medium term, the Company will continue to prioritise maintaining volume-driven growth momentum and franchise expansion even in times of temporary cost pressures by focusing on growing the core, aggressive foods diversification, executional excellence and investment behind capability and brand building.” In FY21, Marico’s Revenue from Operations grew by 10% YoY to INR 8,048 cr. (USD 1.1 billion) backed by volume growth of 7% in the domestic business and constant currency growth of 7% in the international business. EBITDA was at INR 1,591 cr., up 8% YoY and PAT excluding one-offs, was at INR 1,162 cr., up 11% YoY. In Q4FY21, Revenue from Operations grew by 34% YoY to INR 2,012 crores (USD 276 million) backed by robust volume growth of 25% in the domestic business and constant currency growth of 23% in the international business. The company witnessed strong momentum in each of the core portfolios of the India business while steadily strengthening its play in Foods through innovation. Rural continued to lead the way in traditional trade, growing at 1.8x of urban. Ec0m (now 8% of domestic business) and CSD also fared well, while Modern Trade dipped due to pantry loading in the base quarter. Gross margin was down 517 bps owing to the severe input cost pressure, as pricing interventions in the core portfolios were not commensurate to the inflation. Advertising &amp; Sales Promotion grew by 35% YoY as the Company invested aggressively mainly on core franchises and the Foods innovations. EBITDA was up 13% YoY, as tight cost controls and operating leverage kicked in to reduce the impact on EBITDA margins to 300 bps. PAT excluding one-offs was up 17% YoY. Reported PAT was up 13%. As per the company's statement, Saffola Honey has been scaling up faster than their launch expectations. The brand exited FY21 just short of a double-digit market share in key Modern Trade chains and has garnered 25%+ market share in E-Commerce. The brand is on course to touch revenues of INR 100 cr. in the coming year. Expanding its presence in Foods, the Company launched Saffola Oodles, 5-minute ring-shaped noodles, containing no refined flour and with the goodness of whole grain oats, real vegetables and semolina. The company holds its medium term aspiration of delivering 8-10% domestic volume growth and 13-15% revenue growth. The Company would be comfortable maintaining its threshold operating margin of 19% plus over the medium term.

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You can now order essential food items from Marico on Swiggy and Zomato

BI India Partner

Marico's revenue from operations grew by 31% YoY to ₹2,525 crores in Q1FY22; advertising and sales promotion sees a growth of 27% YoY

BI India Partner

Britannia started home delivery of biscuits, cakes, rusk, croissants, milkshakes, wafers, ghee and dairy products

PTI

COVID-19: Marico says Q4 EBITDA may see "modest decline"

PTI

An Indian billionaire had to rework his philanthropic programme because there weren’t enough women entrepreneurs

Preeti

Sriram

Marico's profit up by 14.1% to Rs 227 crore in Q4FY21; advertising and sales promotion sees a growth of 35% YoY

BI India Partner

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