Accumulate Marico; target of Rs 678: Geojit Financial Services
Tue, Nov 19, 2024 1:46 PM

Accumulate Marico; target of Rs 678: Geojit Financial Services

A Flip by Avya Verma
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Marico's Q2FY25 revenue grew 7.6% YoY to Rs. 2,664cr, driven by 5% volume growth in domestic business and 13% revenue growth in international business. EBITDA margin decreased 50bps YoY to 19.6% due to rising cost of sales. Despite this, reported profit after tax rose 20.3% YoY to Rs. 433cr. Marico expects double-digit revenue growth in H2FY25, but cost pressures may dent margins.

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