Marico shares surge over 8% on strong Q2 results

Marico Limited shares gained over 8% following its Q2 FY25 results, showing strong year-over-year growth. Although the stock closed at ₹629.15, down 0.76% on October 29, the earnings reveal impressive profitability improvements.

Key Highlights from Marico’s Q2 Results:

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  • Revenue: ₹1,860 crore, a 3% increase from ₹1,791 crore in Q2 FY23.
  • Gross Profit: Slight increase of 0.32%, reaching ₹317 crore.
  • Net Profit: Jumped by 105% YoY to ₹529 crore, up from ₹258 crore.

This strong profit growth, driven by Marico’s focus on operational efficiency and cost management, positions it as a stock to watch today as investors gauge the sustainability of this momentum.

As of 9:15 am the shares were trading 7.93% higher at ₹679.05 on NSE

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform due diligence before making investment decisions.