Marico Q1 profit rises 25% to Rs 630 crore; shares slide over 3%
Marico reported a Q1 earnings beat, with consolidated revenue up 22.9% year-on-year to Rs 3,957 crore and EBITDA rising 25% to Rs 819 crore. EBITDA margin expanded to 20.7% from 20.3%, but the stock fell as much as 3.21% in early trade.
Marico reported a Q1 earnings beat, with profit rising 25% to Rs 630 crore and revenue up 22.9% to Rs 3,957 crore, supported by India volume growth, international demand and stronger margins. Shares nevertheless fell over 3%.
Why this matters
The earnings beat follows Marico's lower copra-led Parachute price cuts, reduced low-margin Saffola oil supply, and a reported quick-commerce surge as modern trade and marketplace growth moderated.
Retail-company is accelerating, up 206186% QoQ.