Marico shares surged over 6% after the company reported high single-digit growth in consolidated revenue for Q1 of FY25. The management expects this upward trend to continue through the rest of the fiscal year. Gross margin is also expected to expand year-on-year due to a favorable portfolio mix.
The domestic business posted a modest increase in underlying volume growth on a sequential basis. Parachute coconut oil saw low single-digit volume growth, which the management anticipates will pick up throughout the fiscal year, supported by signs of increasing offtake growth.
As of 9:57 AM, shares were trading 6% higher at Rs 652.20 on the NSE.
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Marico