FMCG major Marico on Monday reported a 8.66 per cent jump in its net profit to Rs 464 crore for the first quarter of the current financial year 2024-25. Its revenue from operations during April-June 2024 rose 6.7 per cent to Rs 2,643 crore, from Rs 2,477 in the year-ago period.
Its Ebitda rose 9 per cent to Rs 626 crore during the June 2024 quarter, from Rs 574 a year ago. Ebitda stands for earnings before interest, tax, depreciation and amortisation.
Following the results, the company jumped nearly Rs 11.05 or 1.6 per cent to Rs 673 apiece on the BSE. This is despite a bloodbath in the domestic equity markets in which the Sensex fell as much as 2,600 points and the Nifty declined below the Budget Day low of 23,074 amid fears of a US recession. Importantly, FMCG stocks are doing well today.
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