Marico Shares Surge On Better Volume Growth, Higher Realisation
The consolidated revenue growth will trend upwards during the year on the back of an improving trajectory in domestic volume growth and higher realisations, it said in its business update on Friday.
Shares of Marico Ltd. surged over 6% after its revenue rose in the April-June quarter of fiscal 2025, despite the residual impact of price cuts in its key product portfolio.
The consolidated revenue growth will trend upwards during the year on the back of an improving trajectory in domestic volume growth and higher realisations, it said in its business update on Friday. The overall demand trends in the first quarter continued to exhibit gradual improvement on the expected lines, the company said.
Operating profit is estimated to grow slightly ahead of revenue, leading to a marginal increase in operating margin on a year-on-year basis.
Shares of Mario rose as much as 6.57% during the day to Rs 655.8 apiece on the NSE, the highest since June 11. It was trading 5.42% higher at Rs 648.7 apiece, compared to a 0.17% advance in the benchmark Nifty 50 as of 11:27 a.m.
The stock has risen 23% in the last 12 months and 18.1% on a year-to-date basis. The total traded volume so far in the day stood at 4.2 times its 30-day average. The relative strength index was at 64.
Thirty four out of the 42 analysts tracking the company have a 'buy' rating on the stock, five recommend a 'hold' and three suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 3.6%.
