Marico surges 8%, hits new high on strong March quarter results

Shares of Marico hit a new high of Rs 442.95, surging 8 per cent on the BSE, in the intra-day trade on Monday after the company posted a 25 per cent volume growth with healthy growth in Parachute & value added hair oils (VAHO) on the back of a low base quarter. Saffola and foods business also continued the growth momentum. The stock of the personal products surpassed its previous high of Rs 439 touched on February 24.

In January-March 2021 quarter (Q4FY21), Marico's revenue swelled by 34.5 per cent to Rs 2012 crore led by a 25 per