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Marico moves up on reporting 17% rise in Q2 consolidated net profit
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Marico is currently trading at Rs. 536.55, up by 4.45 points or 0.84% from its previous closing of Rs. 532.10 on the BSE.
The scrip opened at Rs. 528.05 and has touched a high and low of Rs. 540.90 and Rs. 522.10 respectively. So far 39121 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 595.00 on 03-Oct-2023 and a 52 week low of Rs. 462.95 on 20-Apr-2023.
Last one week high and low of the scrip stood at Rs. 547.05 and Rs. 522.10 respectively. The current market cap of the company is Rs. 68968.10 crore.
The promoters holding in the company stood at 59.40%, while Institutions and Non-Institutions held 35.50% and 5.09% respectively.
Marico has reported 22.75% fall in its net profit at Rs 258 crore for second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 334 crore for the same quarter in the previous year. Total income of the company decreased by 10.49% at Rs 1826 crore for Q2FY24 as compared Rs 2040 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 17.26% rise in its net profit at Rs 360 crore for the quarter under review as compared to Rs 307 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.04% at Rs 2514 crore for Q2FY24 as compared Rs 2515 crore for the corresponding quarter previous year.
