loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Zen Technologies Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Zen Technologies Ltd. 27 Oct 2025 11:28 AM
Result PDF

Q2FY26 Quarterly Result Announced for Zen Technologies Ltd.

Aerospace & Defence company Zen Technologies announced Q2FY26 results

  • Total Revenue: Rs 198.88 crore compared to Rs 250.31 crore during Q2FY25.
  • EBITDA: Rs 90.05 crore compared to Rs 88.48 crore during Q2FY25.
  • EBITDA Margin: 51.88% for Q2FY26
  • PBT: Rs 82.30 crore compared to Rs 82.37 crore during Q2FY25.
  • PAT: Rs 59.40 crore compared to Rs 62.67 crore during Q2FY25.

Ashok Atluri, Chairman & Managing Director, said: “Our Q2 performance reflects continued operational strength and disciplined execution, even as revenue and profit were impacted by procedural delays in order finalisations. The fundamentals of our business remain solid, with strong liquidity and increasing value addition from our subsidiaries.

During the quarter, we reported lower turnover compared to the same period last year. Despite this, operational EBITDA margins remained healthy, demonstrating our ability to sustain profitability even amid temporary fluctuations in revenue. Contributions from subsidiaries, particularly Applied Research International Private Limited (ARIPL) and Unistring Tech Solutions (UTS), continued to reflect the success of Zen’s strategic investments. Looking ahead, we expect stronger subsidiary contributions as execution scales up and synergies are fully realised.

Zen’s financial position remains robust with liquidity of over Rs 1,100 crore as of September 30, 2025. The Company continues to prioritise R&D investments to deepen its technological edge and expand its product portfolio.

In the aftermath of Operation Sindoor, the Government of India initiated a series of emergency procurement measures to address immediate operational requirements. As a result, the closure timelines for certain regular Requests for Proposals (RFPs) have been temporarily delayed. This development is procedural in nature and does not impact the underlying demand or long-term revenue visibility. The deferred orders remain active within the procurement system and are expected to be released in due course. At the same time, Operation Sindoor provided real-world validation of Zen’s operational equipment, following which the Company is experiencing increased interest, particularly for its anti-drone systems.

We remain confident that the temporary headwinds being witnessed in FY26 will give way to a stronger performance in the years ahead, driven by our continued focus on innovation, disciplined execution and the expanding opportunities in India’s defence modernisation programme.”

Result PDF

Result PDF

Aerospace & Defence company Zen Technologies announced Q1FY26 results

Consolidated financial highlights:

  • Revenue stood at Rs 158.22 crore for Q1FY26
  • Operational EBITDA at Rs 64.70 crore for Q1FY26
  • PAT stood at Rs 47.75 crore for Q1FY26

Standalone financial highlights:

  • Revenue stood at Rs 111.06 crore for Q1FY26
  • Operational EBITDA at Rs 38.05 crore for Q1FY26
  • PAT stood at Rs 37.12 crore for Q1FY26

Ashok Atluri – Chairman and Managing Director, said: “Our Q1FY26 results reflect moderation in topline growth, we believe this is a temporary adjustment phase with a much stronger long term growth trajectory. Despite this temporary moderation, our business fundamentals remain strong. We have successfully maintained our EBITDA and PAT margins, reflecting strong operational discipline and cost efficiency. Our consolidated order book stands at Rs 754 crore and maintain a debt free balance sheet.

Our Consolidated performance was further supported by strong contributions from our subsidiaries —Applied Research International Private Limited (ARIPL), in which we are consolidating 100% of the financials, and Unistring Tech Solutions Private Limited (UTS), with 51% consolidation.

Our financial position remains robust, with liquidity of Rs 918 crore as of June 30, 2025, providing significant flexibility to pursue emerging growth opportunities.

During the quarter, we advanced strategic priorities through the successful acquisition of TISAAerospace Private Limited (76% shareholding). This acquisition marks expansion into the high-growth UAV and loitering munitions segment, aligning our portfolio with emerging global defense requirements.

Integration efforts across our recently acquired subsidiaries is progressing well and these subsidiaries are already contributing to enhanced operational synergies.

Looking ahead to H1FY26, we remain confident in achieving our order inflow guidance of Rs 800 crore. Out of which we have secured orders amounting to Rs 150 crore till date, with the remaining Rs 650 crore expected to materialize within the first half. In addition, we expect orders to be placed under the government’s emergency procurement plan, particularly for anti-drone systems

Our robust pipeline, combined with continued policy support for indigenous manufacturing, positions us well for sustained growth. While FY26 is likely to be a year of consolidation, we remain focused on executing our long-term strategy and are confident in maintaining our targeted cumulative revenue of Rs 6,000 crore over the next 3 financial years."

Result PDF

Aerospace & Defence company Zen Technologies announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Sales stood at Rs 293.50 crore compared to Rs 135.71 crore in Q4FY24.
  • Total Revenue came in at Rs 317.85 crore, up from Rs 138.04 crore in Q4FY24.
  • EBITDA stood at Rs 118.73 crore versus Rs 47.41 crore in Q4FY24.
  • EBITDA Margin was 40.45%, up from 34.93% in Q4FY24.
  • Interest Cost stood at Rs 3.61 crore compared to Rs 0.63 crore in Q4FY24.
  • Profit Before Tax (PBT) was Rs 112.18 crore compared to Rs 44.56 crore in Q4FY24.
  • Profit After Tax (PAT) stood at Rs 84.92 crore compared to Rs 33.04 crore in Q4FY24.

FY25 Financial Highlights:

  • Sales were Rs 930.67 crore compared to Rs 430.28 crore in FY24.
  • Total Revenue stood at Rs 988.45 crore compared to Rs 444.21 crore in FY24.
  • Total Operating Expenses were Rs 616.95 crore compared to Rs 253.04 crore in FY24.
  • EBITDA was Rs 371.50 crore versus Rs 191.16 crore in FY24.
  • EBITDA Margin stood at 39.2%, compared to 44.43% in FY24.
  • Interest Cost amounted to Rs 9.42 crore compared to Rs 1.84 crore in FY24.
  • Profit Before Tax (PBT) was Rs 351.99 crore compared to Rs 182.00 crore in FY24.
  • Profit After Tax (PAT) came in at Rs 262.95 crore versus Rs 129.23 crore in FY24.

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said: “Zen Technologies has surpassed its guidance for FY25, achieving a top line of over Rs 900 crore, along with EBITDA and PAT margins exceeding the guided 35% and 25% respectively-marking the highest-ever quarterly and annual performance in the company’s history

During the quarter, we secured a significant order from the Ministry of Defence for Integrated Air Defence Combat Simulators (IADCS) for the L70 gun, which we expect to execute within this financial year.

On the acquisition front, we have made substantial progress. We acquired a 76% stake in ARIPL in February 2025, with the remaining 24% to be acquired in the current financial year. ARIPL brings deep expertise in marine and naval simulation, and we see strong potential for synergies. With the strategic acquisition of 51% stake in Vector Technics - one of the few indigenous manufacturers of critical drone components - we have entered the core of the drone eco-system. Further, we have acquired 45.33% inBhairav Robotics, a company focused on robotics and autonomous weapons systems. These acquisitions mark a significant step forward in the direction of next generation defence technologies and future ready national security solutions.

Our liquidity position remains robust at approximately Rs 1,037 crore, reflecting our disciplined working capital management and enabling us to pursue growth initiatives and invest strategically in future capabilities. We continue to evaluate inorganic growth opportunities to further strengthen our portfolio. We have significantly increased our R&D investments, not only to enhance current offerings but also to build a pipeline of innovative products that will address emerging defence requirements. In line with this, we are planning an expansion of our existing R&D centre with an investment of close to Rs 70 crore, to further accelerate product development and create new opportunities for long-term growth.

The evolving nature of modern warfare has highlighted the importance of advanced counter-drone systems and comprehensive training solutions. We have delivered band independent counter drone systems for the first time in India. These system proved very effective in the recent operations conducted by the Armed forces.

We acknowledge the Ministry of Defence and the Government of India for their continued trust in the Indian industrial capability to innovate and betting substantial investments there. We will continue to deliver solutions that enhance operational readiness and contribute to national security. We take pride inserving the nation and stand ready to support our security forces in all circumstances.”

Result PDF

Aerospace & Defence company Zen Technologies announced Q3FY25 results

  • Revenue for Q3FY25 stood at Rs 141.52 crore, registering a 44% YoY growth.
  • EBITDA increased by 21% YoY to Rs 58.69 crore in Q3FY25.
  • Profit After Tax (PAT) rose 22% YoY, reaching Rs 38.62 crore in Q3FY25.

Ashok Atluri – Chairman and Managing Director, said: “I am pleased to provide an update on our Q3FY25 performance, which demonstrates a stable performance, keeping us on track to meet our stated guidance of Rs 900 crore revenues for FY25.

The Union Budget 2025 demonstrates the government's commitment to strengthening the defence sector, with a record allocation of over Rs 6.81 lakh crore for the Ministry of Defence, marking a 9.53% increase from FY25. This includes a substantial Rs 1.80 lakh crore earmarked under the Capital Budget of Armed Forces, providing significant tailwinds for our industry.

Our liquidity remains strong, with Rs 1,028 crore in bank balances as of December 31, 2024. Furthermore, we completed the expansion of our assembly unit at Maheshwaram. This expansion enhances our ability to scale up operations to meet growing demand.

In this quarter, we experienced a rise in profitability due to higher other income; however, we remain confident that we will achieve our EBITDA target of 35% and PAT margins of 25% by the end of the financial year.

Our order book remains robust at Rs 816.91 crore as of December 2024, reflecting a healthy pipeline for the coming quarters. Our strategic focus on securing new contracts and diversifying our portfolio ensures sustained revenue visibility and positions us well for continued growth.

As part of our commitment to innovation and growth, we have made strategic acquisitions in robotics, aerospace, and defence propulsion, further solidifying our position as a leader in cutting-edge technology.

We are pleased to announce the integration of Vector Technics, a frontrunner in electrical propulsion and IC engine technology for UAVs and robotics, and Bhairav Robotics, innovating in combat robotics and autonomous systems for defence and industrial applications, into our portfolio. These acquisitions significantly enhance our expertise in UAV propulsion, autonomous robotics, and advanced aerospace components. Additionally, the acquisition of Applied Research International (ARI) and ARI Labs bolsters our defence simulation capabilities, extending our technological reach into naval and maritime domains. This expansion reinforces our commitment to delivering cutting-edge solutions for defence, aerospace, and autonomous systems, driving innovation and strengthening national security.”

Result PDF

Defence company Zen Technologies announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Revenue: Rs 241.69 crore, change 277% YoY.
  • Operational EBITDA: Rs 79.42 crore, change 265% YoY.
  • PAT: Rs 65.24 crore, change 276% YoY.

H1FY25 Financial Highlights:

  • Revenue: Rs 495.64 crore, change 152% YoY.
  • Operational EBITDA: Rs 182.61 crore, change 108% YoY.
  • PAT: Rs 139.42 crore, change 116% YoY.

Ashok Atluri – Chairman and Managing Director, Zen Technologies, said: “I am pleased to share the results for Q2FY25, which reflect a solid continuation of the growth we achieved in Q1FY25. Our revenue from operations for Q2FY25 reached Rs 241.69 crore, a significant increase of 277% compared to Rs 64.03 crore in Q2FY24. Our operational EBITDA for the quarter was Rs 79.42 crore, representing a growth of 265% from Rs 21.76 crore in the same period last year, while our profit after tax stood at Rs 65.24 crore, up 276% from Rs 17.34 crore. We have exceeded the revenue and profit after tax of the previous year FY24 in the H1FY25 itself. As of 30th September 2024, our order book is strong at Rs 956.74 crore, positioning us well for future growth.

During the quarter, we successfully completed a Qualified Institutional Placement (QIP), raising Rs 1000 crore. This initiative received a strong response, with subscriptions exceeding five times the issue amount. Notable marquee investors who have been allotted equity shares through our recent Qualified Institutional Placement (QIP) include Kotak Mutual Fund, Motilal Oswal and White Oak Offshore. Their participation underscores the confidence in our growth strategy and future prospects.

As of September 30, 2024, the Company has a robust liquidity position with balances in banks totalling ~Rs 1,103 crore. This strong cash reserve positions us favourably for future R&D investments and strategic acquisitions.

Continuing our commitment to organic and inorganic growth strategies, we are actively evaluating potential acquisition opportunities in simulator and electronic warfare technologies aligned with our strategy.

Our dedication to innovation, coupled with strategic investments in research and development, ensures we remain poised to capitalise on burgeoning demand driven by military modernisation initiatives globally.”

Result PDF

Defence company Zen Technologies announced Q1FY25 results:

  • Revenue: Rs 253.96 crore, up by 92% YoY
  • Operating EBITDA: Rs 103.2 crore, up by 56%
  • PAT: Rs 74.2 crore, up by 57% YoY

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said: “I am pleased to share that Zen Technologies Limited has had an exceptionally strong start to FY25. Our revenue from operations for Q1FY25 came in at Rs 253.96 crore, recording a robust growth from Rs 132.45 crore in Q1FY24. This impressive growth is mirrored in our Operational EBITDA, which reached Rs 103.20 crore, and our net profit of Rs 74.18 crore, recording a growth of 56% and 57% year-on-year respectively.

Our cornerstone remains in training and simulation, including technical training equipment like virtual simulators and live ranges. In the last few years, the armed forces have recognised the increasing need for tactical training, preparing soldiers for actual combat scenarios. This shift is expected to drive significant growth for our company. Furthermore, the surge in interest postUkraine war highlights the importance of competent training over merely acquiring advanced equipment

Our early investment in counter-drone systems since 2018 has positioned us at the forefront of this critical technology. With the Government of India's focus on the Buy Indian IDDM category, we are well-placed to be the preferred supplier for the Indian Armed Forces.

We continue to be an IP powerhouse, with over 155 global patents filed and about 75 granted. Our extensive library of software, electronic, and mechanical modules, developed over the last 30 years, enables rapid product realisation. This has allowed us to introduce innovative products like the Hawkeye anti-drone system, Barbarik URCWS, Prahasta automated quadruped, and Sthir Stab 640 stabilised sight, which are set to open new revenue streams.

Our operational model, which leverages in-house R&D and outsourced production, has enabled significant scalability with minimal capital expenditure, providing good operating leverage to our business. We are expanding our assembly and integration capabilities to support this growth.

Additionally, we are experiencing strong regulatory tailwinds, including increased utilisation of simulators by the armed forces and aggressive export targets set by the government.

Our strong balance sheet and ongoing investment in R&D ensure we remain at the cutting edge of technology, ready to meet evolving customer needs. We are excited about the future and confident in meeting our guidance of Rs 900 crore of turnover in the current financial year.

Thank you for your continued support.”

Result PDF

Defence company Zen Technologies announced standalone FY24 results:

Financial Highlights:

  • Zen Technologies reported a significant increase in Financial Highlights for FY24 with Revenue at Rs 430.28 crore (167% YoY), EBITDA at Rs 191.16 crore (228% YoY), and PAT at Rs 129.23 crore (243% YoY).
  • The company secured orders worth Rs 1,358 crore and projects that the order book, exceeding Rs 1,400 crore as of March 31, 2024, will contribute to sustained growth.

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said: “I am delighted to report that FY24 marks a significant milestone in our financial performance, achieving record sales, profitability, and order wins. We secured orders worth Rs 1,358 crore, reflecting a notable shift in the armed forces’ perception towards training equipment and anti-drone systems. This transformation is further underscored by the increasing demand for our products from friendly foreign nations.

Our successful performance reaffirms our business model of self-funding three decades of R&D for potential products. The pivotal role played by government initiatives aimed at indigenization has provided us with the right opportunity to amplify our success.

With a robust order book exceeding Rs 1,400 crore as of March 31, 2024, we are poised for sustained growth in FY25, aiming to surpass the Rs 900 crore sales mark. To enhance our product portfolio and depth, we have augmented our investment in research and development. In the coming weeks and months, we anticipate launching a range of innovative products tailored to the needs of both the Indian armed forces and international clients.

Our commitment to expanding our export business remains steadfast. Through active participation in major trade shows and exhibitions, supported by the Government, we continue to generate potential leads to bolster our international presence.

Looking ahead, we are exploring strategic inorganic acquisitions to expand into market and product adjacencies, ensuring high probability of success.

In conclusion, we believe this to be a prosperous era for companies like Zen, which prioritise design, development, IP generation, and innovation. We are poised for continued growth and success in the foreseeable future." 


     

Result PDF

Defence company Zen Technologies announced Q3FY24 results:

Financial Performance Highlights

  • Revenue: Zen Technologies reported an increase in revenue, reaching Rs 98.08 crore in Q3FY24, a growth of 198% YoY.
  • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): The company's EBITDA soared to Rs 48.41 crore, marking a substantial rise of 371% YoY.
  • PAT (Profit After Tax): PAT stood at Rs 31.67 crore, which represents a remarkable 317% YoY increase.
  • EBITDA Margins: EBITDA margins climbed impressively, reaching 47.34% in Q3FY24.

Order Book and Strategic Growth

  • New Patent Grants: Zen Technologies secured 15 new patent grants in India during FY24, emphasizing its focus on innovation and technological progress.
  • Revenue Target: The company remains on track to achieve the revenue target of Rs 450 crore for FY24.
  • Order Book: The order book is robust with optimism for securing additional contracts.
  • Export Markets: There is an active pursuit of significant growth opportunities in export markets with competitive product offerings.

Future Projections and Investment

  • Turnover Projection: The company is confident about achieving a turnover of 900 crore in the next financial year.
  • Acquisition and Expansion: Zen Technologies is exploring inorganic expansion opportunities through acquisitions.
  • Fundraising Resolution: An enabling resolution has been passed to raise funds to an aggregate amount of Rs 1,000 crore to support growth.

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said, “Reflecting on the performance of Q3FY24, I am pleased to report that Zen Technologies Limited has continued its growth trajectory, reporting the company's best 9-month performance in its history. FY24 is on course to become the most successful year to date in terms of financial performance and new order wins for the company.

To date in FY24, the company has secured 15 new patent grants in India, reinforcing its commitment to innovation and technological advancement. In line with our previously stated guidance, we remain on track to achieve our revenue target of Rs 450 crore for FY24. The order book remains robust, and we are optimistic about securing additional contracts. Furthermore, the export markets continue to offer significant growth opportunities, which the company is actively pursuing with its competitive product offerings.

Building on this momentum, we are confident in our ability to achieve a turnover of Rs 900 crore in the next financial year, which would mark another milestone in our journey of growth.

Zen Technologies remains focused on maintaining strong liquidity and leveraging its asset-light business model to ensure sustained growth and value creation for our stakeholders.

Zen is also looking at opportunities to expand inorganically through acquisition. To support this path of probable growth, we have passed an enabling resolution to raise funds. This resolution allows for the raising of funds up to an aggregate amount of Rs 1,000 crore.

We anticipate that our strategic investments and the unwavering commitment to our core competencies will continue to yield positive outcomes as we advance."

 

 

 


  •  

Result PDF

Defence company Zen Technologies announced Q1FY24 results:

  • Sales of Rs 132.45 crore in Q1FY24 compared to Rs 33.23 crore in Q1FY23
  • Total revenue of Rs 135.08 crore in Q1FY24 compared to Rs 35.38 crore in Q1FY23
  • EBITDA of Rs 68.79 crore in Q1FY24 compared to Rs 13.38 crore in Q1FY23
  • EBITDA margins of 50.93% in Q1FY24 compared to Rs 37.80% in Q1FY23
  • Interest cost of Rs 0.35 crore in Q1FY24 compared to Rs 0.59 crore in Q1FY23
  • Profit before tax of Rs 66.98 crore in Q1FY24 compared to Rs 11.87 crore in Q1FY23
  • Profit after tax of Rs 47.13 crore in Q1FY24 compared to Rs 8.21 crore in Q1FY23

Commenting on the results, Ashok Atluri – Chairman and Managing Director, said, “Zen Technologies' performance for Q1FY24 has set a new record for us in terms of revenue and profitability. This strong performance in the quarter was driven by the successful execution of a significant part of the simulation export and domestic anti-drone orders. The inherent operating leverage of our business model came to the fore this quarter, evident in an EBITDA of 51%.

During this quarter, we secured new orders amounting to approximately Rs 202 crore. Additionally, in July 2023, we bagged orders worth around Rs 500 crore. This brings our cumulative order book position to ~ Rs 1,000 crore, a figure that exceeds the cumulative turnover of the last whole decade. We believe this is merely the onset of an inflection point—a positive black swan event, resulting from the convergence of various factors such as #MakeInIndia, #Atmanirbharata, Buy Indian IDDM, Defence Positive Lists, Simulation Framework, and the GoI's Sustainability Commitment. Owing to escalating geopolitical risks and India’s improved international relations, we are optimistic about making significant inroads in the export markets, especially for simulators and anti-drone systems.

We have a strong liquidity position and a healthy balance sheet with a significant improvement in our working capital cycle. This will support the execution of the orders and fuel our plans for the growth opportunities that will unfold in the coming years.”

 

Result PDF

Defence company Zen Technologies declares Q4FY22 result:

  • On our order book and order status front, we have received an AMC contract worth INR 55 crore, wherein the revenue will be recognized periodically over the next 5 years. Both our export order of INR 120 crore and IAF order worth INR 155 crores are expected to be fully executed by Q3FY23. Our order book position as on 31st March 2022 stood at ~ INR 430 crores .
  • On the exports front, we continue to pursue substantial opportunities and expect to have a big order book position by this year end. The extremely favourable environment for the Indian defence players created by current Government does act as an antidote to the Covid impacted environment. One example is the Indian government's robust simulation framework, which gives us confidence that in the coming years will see a very strong performance.

Commenting on the results, Mr. Ashok Atluri – Chairman and Managing Director, said: “We are pleased to share an update to accompany our FY22 results. This year’s sales were primarily driven by AMC contracts, while we continued to face some unforeseen challenges. Our profitability was impacted on account of increase in selling and distribution expenses, accompanied by increased foreign travel, in line with our plans to expand Zen’s global outreach. Our Business Development and Business Promotion activities increased, as we spent close to INR 2.16 crores in our exhibition at Abu Dhabi. To add to this, cost of few components required in manufacturing our products increased drastically. There was a delay in executing the big orders that we have received. Shortage of electronic components globally caused delays in procurement; lead times for some chips has increased dramatically. Worse has been the complete non-availability of some components, forcing us to redesign some of the sub-systems. Mechanical components that were outsourced also were delayed due to labour non-availability (postCovid) at vendor locations. Logistics and shipping constraints further impacted the execution timelines."

 

Result PDF

Trending News

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Published on 17-Dec-2025 09:01

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL).

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL)

Published on 17-Dec-2025 09:00

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Published on 16-Dec-2025 09:05

KIMS has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Krishna Institute of Medical Sciences (KIMS) has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Published on 16-Dec-2025 09:03

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding 

Published on 16-Dec-2025 09:01

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Published on 16-Dec-2025 09:00

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status