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Marico Shares Surge Over 9% as Strong Q2 Results S
By: My India Times
1 minutes read 20Updated At: 2024-10-30
Marico Ltd’s shares rallied up to 9.3% in today’s trading session following the company’s impressive second-quarter results for FY 2024-25, which saw a net profit surge of 20% year-over-year. The share price hit an intra-day peak of ₹687.30, closing in on its 52-week high of ₹719.80, and underscoring heightened investor enthusiasm around the company’s robust performance.
Key Earnings Highlights:
Marico reported a net profit of ₹433 crore for Q2, up by ₹73 crore from ₹360 crore in the same period last year, marking a 20.27% increase. Revenue from operations also rose by 7.59%, reaching ₹2,664 crore, compared to ₹2,476 crore in Q2 FY 2023-24, driven by strong demand across key product categories and steady expansion in both domestic and international markets.
Market Reaction and Share Performance:
The stock opened optimistically, beginning the day up by 6.5% at ₹669.95 compared to its previous close of ₹628.80. As trading progressed, investor enthusiasm surged, pushing the price to its high of ₹687.30. The company’s stock, edging closer to its 52-week peak, showcased solid investor sentiment, with analysts noting the results reflect Marico’s strategic strength in navigating challenges in a competitive FMCG landscape.
Growth Drivers:
Marico attributed its strong profit growth to multiple factors:
- Increased Demand in Core Categories: Marico saw stable growth across its core product categories, with brands like Parachute and Saffola continuing to lead in market share.
- Cost Management and Operational Efficiency: Focused cost optimization and supply chain enhancements contributed to improved margins.
- Expansion in International Markets: The international business posted resilient growth, particularly in Southeast Asia and the Middle East, reflecting the success of Marico’s localized brand strategy.
Analyst Insights and Future Outlook:
Analysts are optimistic about Marico’s future prospects, citing steady demand for its flagship brands and growth in newer categories such as food and wellness. “Marico’s consistent focus on efficiency and innovation has made it a resilient player in the FMCG sector, and these Q2 results demonstrate the company’s strong position in adapting to shifting consumer demands,†said a market analyst from [Analyst Firm].
Looking ahead, Marico aims to further strengthen its premium product lines and deepen its presence in emerging markets, with a focus on expanding its value-added offerings.
....Marico Ltd’s shares rallied up to 9.3% in today’s trading session following the company’s impressive second-quarter results for FY 2024-25, which saw a net profit surge of 20% year-over-year. The share price hit an intra-day peak of ₹687.30, closing in on its 52-week high of ₹719.80, and underscoring heightened investor enthusiasm around the company’s robust performance.
Key Earnings Highlights:
Marico reported a net profit of ₹433 crore for Q2, up by ₹73 crore from ₹360 crore in the same period last year, marking a 20.27% increase. Revenue from operations also rose by 7.59%, reaching ₹2,664 crore, compared to ₹2,476 crore in Q2 FY 2023-24, driven by strong demand across key product categories and steady expansion in both domestic and international markets.
Market Reaction and Share Performance:
The stock opened optimistically, beginning the day up by 6.5% at ₹669.95 compared to its previous close of ₹628.80. As trading progressed, investor enthusiasm surged, pushing the price to its high of ₹687.30. The company’s stock, edging closer to its 52-week peak, showcased solid investor sentiment, with analysts noting the results reflect Marico’s strategic strength in navigating challenges in a competitive FMCG landscape.
Growth Drivers:
Marico attributed its strong profit growth to multiple factors:
- Increased Demand in Core Categories: Marico saw stable growth across its core product categories, with brands like Parachute and Saffola continuing to lead in market share.
- Cost Management and Operational Efficiency: Focused cost optimization and supply chain enhancements contributed to improved margins.
- Expansion in International Markets: The international business posted resilient growth, particularly in Southeast Asia and the Middle East, reflecting the success of Marico’s localized brand strategy.
Analyst Insights and Future Outlook:
Analysts are optimistic about Marico’s future prospects, citing steady demand for its flagship brands and growth in newer categories such as food and wellness. “Marico’s consistent focus on efficiency and innovation has made it a resilient player in the FMCG sector, and these Q2 results demonstrate the company’s strong position in adapting to shifting consumer demands,†said a market analyst from [Analyst Firm].
Looking ahead, Marico aims to further strengthen its premium product lines and deepen its presence in emerging markets, with a focus on expanding its value-added offerings.
By: My India Times
Updated At: 2024-10-30
Tags: Home News | My India Times News | Trending News | Travel News
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