Wed Oct 30 05:36:16 UTC 2024: ## Marico Shares Surge 9.3% on Strong Q2 Earnings
**Mumbai, India** – Marico Ltd, the FMCG giant, saw its share price soar by 9.3% during today’s trading session following the announcement of its impressive second-quarter earnings. The company’s net profit jumped by 20% year-on-year, reaching ₹433 crore for the quarter ending September 2023.
Marico’s shares opened the day with a 6.5% gain, hitting an intra-day high of ₹687.30. The strong performance was attributed to the company’s robust financial results. Revenue from operations grew by 7.59% to ₹2,664 crore, driven by strong demand for its consumer goods. While total expenses rose by 7.65% to ₹2,194 crore, the company’s impressive profit growth overshadowed the rise in expenses.
The market’s positive reaction to Marico’s performance reflects investor confidence in the company’s ability to navigate challenging economic conditions and maintain strong growth.
First Piper 