Marico Dividend Announcement
In a regulatory filing, Marico stated: “The Board of Directors of the Company, at its meeting held on January 31, 2025, has declared an interim equity dividend of ₹3.50 per share for FY25. The record date for identifying eligible shareholders is February 7, 2025, and the payment will be made on or before March 2, 2025.”
The company has fixed February 7, 2025, as the record date, meaning shareholders holding Marico shares on this date will be eligible to receive the dividend. The dividend payout is scheduled to be completed on or before March 2, 2025.
Marico Q3 FY25 Results
Marico’s third-quarter results were in line with market expectations, with the company posting a steady performance across key financial metrics.Marico Posted a Net Profit of Rs. 399 crore. And a Revenue of Rs. 2,794 crore. EBITDA jumped to Rs.533 crore, a 4% YoY increase/ while the EBITDA Margin Were 19.1%, down from 21.2% in the previous year, primarily due to higher raw material costs
Despite margin pressures, the company witnessed growth in its domestic business, which contributed significantly to overall revenues. More than 90% of Marico’s business sustained or gained market share. Around 80% of its portfolio maintained or increased penetration on a MAT (Moving Annual Total) basis. Domestic revenue grew 17% YoY to Rs.2,101 crore, supported by price hikes in key product categories.
Marico Share Price Movement
Following the Q3 earnings report and dividend announcement, Marico’s stock saw a decline in today’s trading session. The stock opened lower at ₹688, compared to its previous close of ₹694.20. It continued to fall during the session, closing at ₹670.75, marking a 3.38% decline (-₹23.45) While the stock faced short-term pressure, Marico shares have delivered strong returns over the longer term. In the Last 30 days stock are Up 4.15%,while in one year shares grew Up to 28.20%.
About Marico
Marico Ltd is one of India’s leading consumer goods companies, known for its iconic brands in hair care, skin care, wellness, and edible oil segments. The company has a strong presence in India and international markets, catering to millions of consumers with trusted brands such as Parachute, Saffola, Nihar Naturals, Livon
fbq('track', 'PageView');
Original news source Credit: www.goodreturns.in
You must be logged in to post a comment Login