Markobenz Ventures Reports 60% Decline in Q1 Net Profit
Newtrac Foods & Beverages Limited (formerly Markobenz Ventures) reported a 60.98% year-over-year decline in net profit for Q1 FY2026, falling to ₹23.57 lakh from ₹60.40 lakh. Revenue from operations decreased by 11.25% to ₹1,337.24 lakh. The company's Board of Directors removed Mr. Vishal Kelkar from his position as CEO due to unsatisfactory progress of the Holkar Project. The company has changed its name from Markobenz Ventures Ltd to Newtrac Foods & Beverages Limited.