Company’s market capitalisation (mcap) climbed Rs6,768.16 crore to Rs75,491.43 crore
New Delhi: Shares of FMCG major Marico Ltd on Tuesday climbed nearly 10 per cent after the company reported a 4.9 per cent rise in consolidated net profit in the fourth quarter ended March 2024.
The stock jumped 9.85 per cent to settle at Rs583.35 apiece on the BSE. During the day, it soared 10.45 per cent to Rs586.55.
On the NSE, it zoomed 9.76 per cent to Rs582.10 per piece.
The company’s market capitalisation (mcap) climbed Rs6,768.16 crore to Rs75,491.43 crore.
In volume terms, 15.48 lakh shares of the company were traded on the BSE and 350.41 lakh shares on the NSE during the day.
Homegrown FMCG major Marico Ltd on Monday reported a 4.9 per cent rise in consolidated net profit to Rs320 crore in the March quarter.
The company had posted a consolidated net profit of Rs305 crore in the same quarter of the previous fiscal.
Consolidated revenue from operations during the quarter under review stood at Rs2,278 crore as against Rs2,240 crore in the year-ago period.
Total expenses in the fourth quarter were lower at Rs1,894 crore compared to Rs1,907 crore a year ago, the company said.
In Q4 FY24, underlying volume growth was 3 per cent in the domestic business. The company reported constant currency growth of 10 per cent in the international business.
