Marico shares in green after Q3 profit surges 16%
For the quarter ended December 31, 2023, more than three-fourths of Marico’s portfolio sustained or gained market share.
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For the quarter ended December 31, 2023, more than three-fourths of Marico’s portfolio sustained or gained market share.
Marico said the domestic volumes grew in low single digits on a year-on-year basis with a slight sequential improvement in its core portfolio.
Towards the end of the December quarter, Marico initiated significant steps towards improving the ROI of its general trade channel partners while structurally re-igniting growth in the channel. This included a primary stock correction for its channel partners.
The revenue from operations rose by 2.6 per cent to ₹2,470 as against ₹2,407 in the corresponding quarter last fiscal.
The stock opened 2.76 per cent higher at Rs 484 against the previous close of Rs 471.