Marico share price

Marico Share Price Soars as Net Profit Surges by 20% in Q2 FY25

Marico Ltd, a leading name in the consumer goods sector, recently announced its financial results for the quarter ending September 2024. The company reported a substantial 20.27% growth in its consolidated net profit, reaching ₹433 crore, compared to ₹360 crore in the same quarter last year. This impressive profit increase was fueled by steady volume growth, strategic pricing adjustments, and gains from the sale of fixed assets, as noted in Marico’s regulatory filing.

Following the announcement, Marico’s stock saw significant upward momentum, with the share price rising as much as 9.1% to ₹687 on the National Stock Exchange (NSE) during early trading hours. By 9:39 am, the stock was still trading strong, holding a 7.4% gain at ₹675.8. On the Bombay Stock Exchange (BSE), the share price similarly rose by 8.1% to ₹680.3, taking Marico’s total market capitalization to an impressive ₹87,459.87 crore.

Revenue and Profit Growth in Q2 FY25

In addition to net profit, Marico’s revenue from operations grew by 7.6% in Q2 FY25, reaching ₹2,664 crore, compared to ₹2,476 crore in the same period the previous year. The company attributes this growth to robust demand trends, particularly in rural markets, which grew twice as fast as urban demand on a year-over-year basis.

Strategic Volume and Pricing Actions Boost Domestic Market

The domestic business achieved an underlying volume growth of 5% while maintaining a steady upward trajectory in the overall volume growth. Price increases in the coconut oil segment, coupled with a favorable pricing cycle reversal in Saffola Oils, bolstered Marico’s performance. The company highlighted that over 80% of its business franchises maintained or grew their market share and penetration, signaling a strong brand position across core and emerging product lines.

International Business Performance

The company’s international segment also delivered solid results, showing a constant currency growth of 13% year-over-year. This segment contributed significantly to Marico’s revenue, showcasing the brand’s expanding global footprint and its adaptation to international market demands.

Conclusion:

Marico Ltd’s Q2 FY25 performance underscores its strategic focus on volume growth, pricing, and market expansion across domestic and international markets. Marico share price, The company’s ability to leverage pricing adjustments and operational efficiencies has bolstered its profitability, positioning it well within the consumer goods sector. With robust revenue growth and significant market share gains, Marico is well-prepared to navigate evolving consumer demands and sustain its upward momentum.