Marico Limited will be a stock to watch today after reporting strong Q2 FY24-25 results. The stock closed at ₹629.15, down 0.76% on October 29, 2024, but the earnings report shows substantial year-over-year growth in net profit.
Key highlights from Marico’s Q2 performance:
- Revenue: Marico reported revenue of ₹1,860 crore, marking a 3% increase from ₹1,791 crore in Q2 FY23, indicating steady growth in its product portfolio.
- Gross Profit: Gross profit rose marginally by 0.32%, reaching ₹317 crore, compared to ₹316 crore in the same period last year, showing stable profit margins.
- Net Profit: Net profit surged by 105% year-over-year to ₹529 crore, up from ₹258 crore, indicating a significant improvement in profitability.
The strong year-over-year net profit growth underscores Marico’s operational efficiency and cost management strategies, despite modest revenue growth. Investors may focus on the stock today, assessing the sustainability of this robust profit growth.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform due diligence before making investment decisions.