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Marico Q1 profit rises 25% to Rs 630 crore; shares slide over 3%

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%.

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Reported figures

From the report. Source details below

EBITDA rose 25% to Rs 819 crore
EBITDA margin expanded to 20.7% from 20.3%
Share price fell as much as 3.21% to Rs 846.85

Also in the report

  • Shares traded 1.5% lower at Rs 861.70 as of 9:41 a.m.

The source

Source Read the source at NDTV Profit

Published

Also reported by Business Today

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