Marico Q1 Results: Net Profit Jumps 8.7% To Rs 464 Crore, Shares Rise 1.6%

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Marico Q1 Results: Its revenue from operations during April-June 2024 rose 6.7 per cent to Rs 2,643 crore, from Rs 2,477 in the year-ago period.

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FMCG major Marico on Monday reported a 8.66 per cent jump in its net profit to Rs 464 crore for the first quarter of the current financial year 2024-25. Its revenue from operations during April-June 2024 rose 6.7 per cent to Rs 2,643 crore, from Rs 2,477 in the year-ago period.

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Its Ebitda rose 9 per cent to Rs 626 crore during the June 2024 quarter, from Rs 574 a year ago. Ebitda stands for earnings before interest, tax, depreciation and amortisation.

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Following the results, the company jumped nearly Rs 11.05 or 1.6 per cent to Rs 673 apiece on the BSE. This is despite a bloodbath in the domestic equity markets in which the Sensex fell as much as 2,600 points and the Nifty declined below the Budget Day low of 23,074 amid fears of a US recession. Importantly, FMCG stocks are doing well today.