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Pilgrim's operating revenue for FY24 surged by 160%, reaching INR 199 crore. This significant growth highlights the company's robust performance and expanding market presence. The impressive figures reflect a strong demand and effective business strategies in place.
Pilgrim's Pride Co. (NASDAQ:PPC) has seen a mixed response from analysts, currently holding a "Hold" rating with a consensus target price of $46.33. The company recently announced a special dividend of $6.30, significantly up from the previous $2.75. Institutional investors own 16.64% of the stock, which has a market cap of $11.78 billion and a P/E ratio of 10.89.
Mumbai-based beauty brand Pilgrim has raised ₹200 crore (US$23 million) in a funding round that values the company at ₹3,000 crore (US$346 million). The investment, led by existing backers and new investors, will support the brand's expansion into offline markets and enhance its research and development efforts while maintaining profitability in online sales. Founded in 2019, Pilgrim specializes in beauty and body care products free from sulphates and parabens, distributing through various channels including its website and offline stores.
Pilgrim, a direct-to-consumer beauty brand, has successfully raised ₹200 crore through a combination of primary and secondary funding. This significant investment highlights the brand's growth and potential in the competitive beauty market.
Pilgrims Pride Corp
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Pilgrim reports 160 percent increase in FY24 operating revenue to INR 199 crore
18:13 25.03.2025
pilgrims pride announces special dividend as analysts issue mixed ratings
08:15 19.03.2025
Pilgrim secures 23 million dollars to enhance growth and development strategies
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Narotam Sekhsaria
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06:40 19.03.2025
Pilgrim secures 200 crore in funding for D2C beauty brand expansion
03:14 18.03.2025
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