Marico share price up 9% after Q2 results showed 20% net profit uptick

Marico share prices was rose much as 9.3% during today’s trading session following.

The announcement of its second quarter earnings yesterday which showed the FMCG giant saw a 20% jump in net profit compared to the same quarter of the previous year. The company’s shares rose to an intra-day high of ₹687.30, which is a 9.303% gain over its previous close of ₹628.80.

For reference, its 52-week high was ₹719.80.

Even the opening was optimistic, with the shares opening 6.5% up or at ₹669.95 from its previous close.

Marico Ltd posted a net profit of ₹433 crore for the second quarter of the financial year 2024-25, which is a 20.27% or a ₹73 crore rise from the ₹360 crore seen during the second quarter of the financial year 2023-24.