Marico second quarter results announced: profit increased by 19.83% year-on-year

Marico second quarter results live broadcast: Marico announced its second quarter results on October 29, 2024, showing substantial year-over-year growth in profits and revenue. The company’s revenue increased by 7.59% year-on-year, and its profit increased significantly by 19.83% compared with the same period last year.

However, compared with the previous quarter, revenue increased slightly by 0.79%, and profit fell by 8.84%. This suggests that despite strong year-over-year results, the company’s short-term outlook faces some challenges.

Selling, general and administrative (SG&A) expenses increased significantly, with a month-on-month increase of 13.54% and a year-on-year increase of 10.55%. If not managed effectively, increases in expenses may impact future profitability.

Operating income took a hit, down 17.78% from the previous quarter, but increased slightly by 5.02% year-on-year. This mixed performance reflects the complexity of the current market environment.

Second quarter earnings per share (EPS) was $3.26, a year-over-year increase of 19.41%, which is a positive indicator for shareholders despite other challenges.

In terms of market performance, Marico returned -4.24% last week, but has performed better, returning 21.46% over the past six months and 14.7% year-to-date. This suggests a recovery trajectory over the longer term.

Currently, Marico’s market capitalization is $81,458.74 Crore, a new 52-week high $719.85 and lowest price $486.3. The stock’s fluctuations in this range deserve investors’ close attention.

Of the 36 analysts covering Marico as of October 30, 2024, sentiment was mixed, with 4 rating it a sell, 7 rating it a hold, and 13 rating it a hold It is rated a Buy, with 12 analysts rating it a Strong Buy. The consensus recommendation is “Buy,” indicating overall optimism about the company’s future performance.