Download App

Home

News

Pods

🚀

Startup Showcase

Notifications

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

Feed Post

2024-05-08T04:10:54.608Z

FMCG major Marico shares zoom nearly 10% after Q4 earnings The company’s stock jumped 9.73 per cent to Rs 582.75 on the BSE and zoomed 9.83 per cent to Rs 582.45 apiece on the NSE. Shares of FMCG major Marico Ltd advanced nearly 10 per cent on Tuesday (May 7) after the company reported a 4.9 per cent rise in consolidated net profit at Rs 320 crore in the Q4. The company had posted a consolidated net profit of Rs 305 crore in the same quarter of the previous fiscal. The company’s stock jumped 9.73 per cent to Rs 582.75 on the BSE and zoomed 9.83 per cent to Rs 582.45 apiece on the NSE. Homegrown FMCG major consolidated revenue from operations during the quarter under review stood at Rs 2,278 crore, as against Rs 2,240 crore in the year-ago period. Total expenses are lower at Rs 1,894 crore, compared to Rs 1,907 crore a year ago, In Q4 FY24, underlying volume growth was 3 per cent in the domestic business

Vedant SD

Stealth • 4m

Stayzilla: A Bangalore Startup's Demise Stayzilla, a once-promising Bangalore-based startup in the budget accommodation space, collapsed in 2017 due to a combination of factors: * Unsustainable Growth: Rapid expansion strained resources and proved unsustainable. * Operational Issues: Quality control and customer service suffered, leading to a loss of trust. * Financial Mismanagement: A flawed revenue model and excessive spending led to a cash flow crisis. * Legal Battles: Disputes with vendors and customers exacerbated the company's woes. Stayzilla's downfall serves as a cautionary tale for startups, highlighting the importance of: * Sustainable growth * Operational efficiency * Financial prudence * Legal compliance Source: Economic Times Article on Stayzilla Shutdown DYOR

2 replies8 likes

Replies (2)

Anonymous 1

Stealth • 4m

Funding from top investors doesn't guarantee results.

1 replies1 like

Recommendations from Medial

Vedant SD

Stealth • 4m

PepperTap: A Startup's Rapid Rise and Fall PepperTap, an online grocery delivery startup in Gurgaon, experienced a meteoric rise but abruptly shut down within two years due to: * Overexpansion: Rapid growth without a sustainable foundation. * Fina

4 replies9 likes

Nitin Rathod

Stealth • 8d

Why Failed Stayzilla ? Stayzilla failed due to a shift in its business model, intense competition from companies like OYO and Airbnb, high operational costs, and challenges in scaling to smaller towns. It burned through cash without securing eno

3 replies6 likes

Vansh Khandelwal

Stealth • 3m

Doodhwala, an Indian startup for milk and grocery delivery, failed due to several critical missteps. The company faced persistent 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐜𝐚𝐬𝐡 𝐟𝐥𝐨𝐰, with expenses exceeding revenues due to high operational costs and excessive marketi

0 replies6 likes

Udyamee

Stealth • 3m

𝗪𝗵𝗮𝘁 𝘄𝗲𝗻𝘁 𝘄𝗿𝗼𝗻𝗴: 𝗪𝗶𝘁𝗵 𝗦𝘁𝗮𝘆𝘇𝗶𝗹𝗹𝗮?🏚️ India had Stayzilla before the world got Airbnb and Oyo. Founded in 2005 initially as Inasra, it was later rebranded as Stayzilla in 2010 in an effort to expand to all districts (Zillas).

14 replies21 likes

Apple

Stealth • 5m

PepperTap: This grocery delivery platform struggled due to competition and operational hurdles. Lido Learning: An ed-tech startup facing financial difficulties and a challenging market. Dazo: A food-tech company unable to secure funding and compe

0 replies19 likes

Vedant SD

Stealth • 4m

Financial Planning for Bangalore Entrepreneurs Bangalore, a thriving hub for startups, offers immense opportunities but navigating the financial landscape can be challenging. Here's a simplified guide: * Define Goals: What are your financial object

0 replies5 likes

Aakash kashyap

Stealth • 15d

It's shows that financial success doesn’t always bring personal satisfaction. It’s a reminder to balance business growth with emotional fulfillment.

4 replies17 likes

Inactive

Stealth • 20d

Financial Analysis of TCS And Earnings!!! Revenue Growth: TCS has demonstrated consistent revenue growth, with recent reports indicating a year-over-year increase of approximately 10%, reflecting strong demand for its services across various sec

1 replies20 likes

Vedant SD

Stealth • 4m

Day 7: Securing Funding for Your Bangalore Startup Funding is the lifeblood of many startups, and Bangalore offers a vibrant ecosystem for founders seeking capital. This post explores various funding options for Bangalore-based startups, including:

0 replies3 likes

Yogesh Jamdade

Stealth • 4m

Failed startup: From Doorstep Convenience to Empty Storefronts: The Rise and Fall of Doodhwala In 2015, Doodhwala burst onto the Indian scene, promising a revolution in how people bought their daily essentials. With a convenient subscription model, t