marico shares

Marico shares surge 9% after reporting 20% YoY jump in Q2 PAT. What analysts say?

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Marico shares surge 9% after reporting 20% YoY jump in Q2 PAT. What analysts say?

Shares of FMCG company Marico shot up 9.3% to an intraday high of Rs 687.30 on the BSE after the company on Tuesday reported a 20% in consolidated net profit to Rs 433 crore for the September quarter. It had posted a net profit of Rs 360 crore in the July-September quarter a year ago. … Read more

Marico Q3 Update: Revenue drops even as volumes grow in low single-digit

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Marico Q3 Update: Revenue drops even as volumes grow in low single-digit

Marico saw low single-digit growth in domestic volumes on a year-on-year basis during the third quarter ended December. The company has also reported a slight sequential improvement in its core portfolio. Consolidated revenue is said to have dropped in low single-digits year-on-year due to significant currency depreciation in select overseas geographies. The pricing corrections in … Read more