Shares of the FMCG company Marico in Tuesday’s trade zoomed as much as 9.96 per cent to day’s high price of Rs 583.95  after the company’s strong management guidance for FY25 and beyond.

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On the sidelines of its quarterly results announcement on Monday, the company said that it plans to aggressively scale-up its food and personal care portfolios. 

Amidst the backdrop of improving macro-indicators and a forecast of a normal monsoon, the company expects a gradual uptick in the growth of its categorie. “We continue to draw confidence from healthy offtakes and market share gains in our key portfolios,” said the company in its exchange filing.

"We aim to grow Foods at 20% compound annual growth rate," the company added. 

Further, the consumer goods company said that it aims to maintain its double-digit percentage growth momentum, on a constant currency basis, in FY25 and beyond in its international business. “In the medium term, we aim to deliver double-digit revenue growth through consistent outperformance vis-à-vis the category and market share gains in the domestic core portfolios, accelerated growth in the Foods and Premium Personal Care and double-digit constant currency growth in the International business. We expect operating margin to inch up over the next few years with leverage benefits as well as premiumisation of the portfolios across both the India and International businesses,” added the company.

At around 11:45 am, shares of the company traded higher by 9.81 per cent at Rs 583.15 apiece on the BSE.

On Monday, after market hours, the Mumbai-based company reported a consolidated net profit of Rs 318 crore, a 5.3 per cent increase over the previous year. Further revenue at the edible oil maker came in at Rs 2,278 crore for the fourth quarter, a 1.7 per cent increase over the corresponding period a year-ago. Gross margin expanded by 420 bps year-on-year (YoY), owing to softer input costs and favourable portfolio mix. A&P spends were up 8% YoY, as the company sustained focus on strategic brand building of core and new businesses. Consequently, EBITDA margin stood at 19.4%, up 186 bps YoY and EBITDA grew by 12%.