Marico share price: Shares of consumer goods major Marico Ltd skyrocketed on Wednesday after the company released its financial results for the quarter ended September 2024.

The stock rose as much as 9.1% to ₹687 apiece on the National Stock Exchange (NSE) in the early trade. At 9:39 am, the scrip was trading 7.4% higher at ₹675.8 .

The market capitalisation of the company stands at 87,459.87 crore.

On the BSE, the stock was up 8.1% to 680.3 a unit.

Marico share price: Net profit rises 20%

Marico reported a 20.27% jump in its consolidated net profit to ₹433 crore for the latest September quarter, aided by volume growth, pricing actions and gains from the sale of fixed assets, according to a regulatory filing.

In the year-ago period, the Harsh Mariwala-led company had posted a net profit of ₹360 crore.

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