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

Marico share prices rose as much as 9.3% during today's trading session after its second quarter earnings yesterday showed a 20% jump in net profit

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.

Marico share price: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020. (Francis Mascarenhas/Reuters)

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.

What were Marico's Q2 financial results like?

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.

Its revenue from operations grew 7.59% or by ₹188 crore to ₹2,664 crore, compared to ₹2,476 crore during the same quarter of the previous year.

However, its total expenses also rose 7.65% to ₹2,194 crore, which was an increase of ₹156 crore from the previous ₹2,038 crore.