Marico’s share price witnessed a significant surge of over 8% on May 7th, driven by positive brokerage sentiment following the company’s impressive Q4 performance. Marico reported a consolidated net profit of ₹ 320 crore in Q4FY24, reflecting a growth of 4.9% year-over-year. The company’s revenue from operations in Q4FY24 also registered an increase of 1.69% YoY to ₹ 2,278 crore, while EBITDA jumped by 12.5% to ₹ 442 crore. This led to an expansion of EBITDA margin by 190 basis points to 19.4%. Brokerage firms such as Nuvama Institutional Equities and Citi provided bullish assessments of Marico’s Q4 performance and revised their EPS estimates and target valuations upward. As a result, Marico’s share price saw a boost, with Nuvama Institutional Equities upgrading their rating to ‘Buy’ and Citi maintaining a ‘Buy’ call.