Marico rallies 6%, hits record high on healthy Sept quarter business update

The company reported robust revenue growth in the low twenties with strong double digit volume growth for the September quarter

Shares of Marico rallied nearly 6 per cent to hit a record high of Rs 590 on the BSE in Wednesday’s intra-day trade after the company said it has recorded revenue growth in the low twenties with strong double digit volume growth during the September 2021 quarter. The stock of the personal products company surpassed its previous high of Rs 587 touched on September 13, 2021.

During the quarter, the sector witnessed improved demand trends as mobility levels increased with reducing Covid infections and accelerated vaccination drives. Discretionary categories and out-of-home consumption also visibly picked up, Marico said in