Marico‘s share price was upbeat on Monday after the company posted its earnings for the quarter ended June.
What Happened: The FMCG major reported a consolidated net profit of ₹464 crore for the June quarter of FY25, marking an 8.7% growth from ₹427 crore in the same quarter of the previous financial year. The company’s total revenue reached ₹2,643 crore, a 6.7% increase from ₹2,477 crore in the year-ago quarter.
EBITDA margin stood at 23.7%, an increase of 50 basis points year-on-year. EBITDA came in at ₹626 crore.
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The company said that domestic revenue growth is expected to trend higher with pricing and volume growth gradually picking up. Domestic revenue stood at ₹1,962, up 7% year-on-year. Parachute Oil which accounts for a sizeable of the company’s domestic revenue saw volume go up by around 2%.
Shares of the company received a further boost after the results came out. Shares of the company have been on the uptrend along with other FMCG stocks such as Hindustan Unilever and Tata Consumer.
Price Action: Marico’s share price was up 1.30% to trade at ₹671 on Monday afternoon.
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