FMCG major Marico Ltd. reported domestic volume growth of 6% compared to a CNBC-TV18 poll of a 4% to 5% growth. The number led to the stock recovering from the lowest point of the session, which it had declined to when the results were first reported.
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Marico’s Net profit stood at ₹399 crore, which was in-line with the CNBC-TV18 poll estimate of ₹400 crore.
Revenue for the quarter stood at ₹2,794 crore, which was in-line with CNBC-TV18 poll of ₹2,750 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 4% from last year to ₹533 crore and met expectations, while EBITDA margin for the quarter stood at 19.1% from 21.2% last year. A CNBC-TV18 poll had projected a 19.4% figure.
Shares of Marico have recovered from the lows of the day and are trading 1.2% higher at ₹680.1. The stock is trading close to its 52-week high of ₹719.
