Marico hits new high, gains 10% thus far in August on strong Q1 results

The company aims for a volume growth of 8-10 per cent and a topline growth of 13-15 per cent, subject to inflation, over the medium term.

Shares of Marico rose 2.6 per cent intra-day to hit an all-time-high of Rs 402 on the BSE on Monday, gaining 10 per cent thus far in August, after it reported a strong set of numbers for April-June quarter (Q1FY20). In comparison, the benchmark S&P BSE Sensex has gained 0.46 per cent in the past 11 trading days.

In Q1FY20, Marico delivered strong earnings' growth on the back of resilient volume growth, amidst moderation in the overall demand environment in the domestic market. The consolidated revenue from operations grew 7 per cent year-on-year (YoY) to Rs 2,166 crore, with an