Marico dips 3% in firm market after December quarter business update

Shares of Marico dipped 3 per cent to Rs 498 on the BSE in Tuesday’s intra-day trade in an otherwise firm market after the personal products maker said that its revenue growth was in double digits in the October-December quarter (Q3), but its volume growth is expected to be flat.

At 01:13 pm; Marico was trading 2.6 per cent lower at Rs 500.90, as compared to a 0.63 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled with a combined 186,000 shares having changed hands on the NSE and BSE. 

The December quarter was