Marico Q2 Results revealed a significant 20.27% increase in consolidated net profit, reaching ₹433 crore, driven by volume growth, strategic pricing actions, and profits from fixed asset sales. In the previous year’s same quarter, net profit stood at ₹360 crore.
Shares of Marico surged on the National Stock Exchange (NSE), peaking at ₹687, an increase of 9.1% in early trading. The price later adjusted, trading at ₹675.8, marking a 7.4% rise from the opening.
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On the Bombay Stock Exchange (BSE), Marico’s shares climbed by 8.1%, reaching ₹680.3 per unit. As of the latest update, the share price stands at ₹652.30, reflecting ongoing market reactions to the Q2 results.
Revenue from operations for the quarter grew by 7.6% to ₹2,664 crore compared to ₹2,476 crore in the year-ago period. This growth was bolstered by robust domestic volume growth and a significant rise in international business.
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Marico noted stable demand trends within India, with rural markets growing twice as fast as urban markets. The company’s total expenses for the quarter increased by 7.65% to ₹2,194 crore, while total income rose by 9.22% to ₹2,746 crore.
The company’s market capitalization has reached ₹87,459.87 crore, illustrating its strong financial health and investor confidence post the positive Q2 outcomes.
