Marico Q2 Results: Profit Jumps 31%, 200-Bps Margin Expansion Is The Key Highlight
Marico set out an expansion in a quarterly results development.
· NDTV Profit, ET Stocks, Economic Times Markets
Marico's EBITDA rose 26.6% to Rs 709 crore against Rs 560 crore a year earlier. The figure marginally exceeded the market estimate of Rs 702 crore.
The analysis
Marico reported Rs 709 crore, Rs 560 crore and Rs 702 crore, with movement of 31% and 26.6% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.2% on the day at ₹798.55, and has returned -8.3% over three months. It sits 10% below its 52-week high. The fmcg sector has moved -8.7% over the same period, so Marico is running 0.4 points ahead of its peers.
For Marico, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Marico (MARICO), in FMCG.
- Over three months: Marico -8.3% against FMCG -8.7% (0.4 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| MaricoMARICO · FMCG | ₹798.55 | -0.2% | +2.2% | -8.3% | -9.8% | 1.3× | — |
FMCG
1M -2.4% · 3M -8.7%
Marico
Prices as of 2 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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