Marico, the owner of Parachute coconut oil, whose share zoomed after the company posted a Rs 433 crore net profit in Q2 FY25, which was a 20 per cent jump from the same quarter in the previous financial year. which stood at Rs 360 crore.
The stock went on to touch the day high level of Rs 687.00 per share on the NSE (national Stock Exchange) after ringing the opening bell at Rs 668.00, surging about 9.1 per cent amounting to Rs on indian bourses
Marico's shares are currently trading around Rs 654.30 per share on the Indian bourses. surging about 4.00 per cent amounting to a Rs 25.15 per share on the indian stock markets.
Marico Q2 FY25
Q2 FY25 Net profit
Marico announced on Tuesday that its consolidated net profit for the September 2024 quarter increased by 20.27 percent to Rs 433 crore. According to an exchange filing, the company reported a net profit of Rs 360 crore for the July–September period of the previous fiscal year, 2023–2024.
The company's total revenue climbed from Rs 2,514 crore to Rs 2,746 crore during the reporting period. The reported revenue from operations increased by 7.6 per cent to Rs 2,664 crore from Rs 2,476 crore in the same quarter last year.
Flaghsip oil sales
Marico's flagship Parachute coconut oil saw a 4 per ecnt increase in sales volumes and a 10 per cent increase in revenue. Its 'Saffola' edible oil brand saw flat sales volumes year over year, but price changes caused revenue to increase by 2 per cent.
Total Expenses
In the quarter under review, the company's total expenses increased 7.65 per cent year over year (YoY) to Rs 2,194 crore, while its total income increased 9.22 per cent YoY to Rs 2,746 crore.
