Shares of Marico surged more than 9% in early morning trading on May 7 after the company announced its results for the fourth quarter of the financial year 2024.
Marico is a major fast-moving consumer goods (FMCG) company. The company reported a consolidated net profit of ₹320 crore in the fourth quarter, which is a growth of 4.9% compared to the same period last year.
Marico’s revenue from operations in the fourth quarter rose 1.69% year-on-year to ₹2,278 crore. The domestic business saw an underlying volume growth of 3%, while the international business grew by 10% in constant currency terms.
During the quarter, Marico’s EBITDA (earnings before interest, tax, depreciation and amortization) increased by 12.5% to ₹442 crore. The company’s EBITDA margin also expanded by 190 basis points to reach 19.4%.
As of 9:48 am, Marico’s shares were trading 8.52% higher at ₹575.50 on the National Stock Exchange (NSE).
