Marico Q3 Shows Margin Stability Amid Copra Price Drop

Marico Ltd, a company that sells cooking oils and other food products, recently shared its performance for the last three months of 2023.

The company's stock price reached a new high of ₹768.05.

This is good news because the prices of copra, a key ingredient, have been going down by about 30% from their highest point.

Experts think the worst part of the price pressure is over, and the company's profits might start to improve in the next few months.

Even though the profits might be lower compared to the same time last year, they are expected to be better than the previous quarter.