Marico share price jumps over 9% as Q2 net profit rises 20% to ₹433 crore

The stock rose as much as 9.1% to ₹687 apiece on the National Stock Exchange (NSE) in the early trade. At 9:39 am, the scrip was trading 7.4% higher at ₹675.8.

The market capitalisation of the company stands at 87,459.87 crore.

On the BSE, the stock was up 8.1% to 680.3 a unit.

Marico share price: Net profit rises 20%

Marico reported a 20.27% jump in its consolidated net profit to ₹433 crore for the latest September quarter, aided by volume growth, pricing actions and gains from the sale of fixed assets, according to a regulatory filing.

In the year-ago period, the Harsh Mariwala-led company had posted a net profit of ₹360 crore.

Revenue from operations grew 7.6% to ₹2,664 crore in Q2 FY25, compared to ₹2,476 crore in the year-ago period.

During the July-September quarter of the financial year 2024-25 (FY25), the company witnessed "stable demand trends in India with rural growing at 2x the pace of urban on a year-on-year basis", it said.

In its earning statement, Marico said the growth in revenue was "with underlying volume growth of 5% in the domestic business and constant currency growth of 13% in the international business."

The company's total expenses surged 7.65% year-on-year (YoY) to ₹2,194 crore in the quarter under review, while total income was up 9.22% YoY to ₹2,746 crore.

The growth in the domestic market was led by "volume growth supplemented by price hikes in the coconut oil portfolio and favourable reversal in the pricing cycle in Saffola Oils," the company said in an exchange filing.

"The domestic business maintained its improving volume growth trajectory on the back of healthy trends across most of the core and new franchises. Offtakes remained strong as more than 80 per cent of business either gained or sustained market share and penetration both on a MAT basis," it said.