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Brokerages predict 18% upside in Marico, despite sequential drop in earnings

The FMCG major reported a YoY growth of 22 percent in consolidated revenue at Rs 2,419 crore from Rs 1,989 crore reported last year.

October 29, 2021 / 10:51 AM IST
 
 
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The Marico stock attracted investor attention a day after the company declared its September quarter earnings.

The FMCG major on October 28 reported a 22 percent year-on-year growth in its consolidated revenue at Rs 2,419 crore from Rs 1,989 crore reported last year.

On a sequential basis, its revenue declined 4 percent from Rs 2,525 crore in the previous quarter.

The company also witnessed a growth of 8 percent in profit after tax (PAT) at Rs 309 crore during the period against Rs 285 crore (excluding extraordinary items) logged in the year-ago quarter.