Marico Q2 profit jumps 29.2% to Rs 558 crore

Marico shares rallied over 8% on 3 Nov 2026 after Q2 profit rose 29.2%. Price is about 3% below its all-time high of 889, with 757 as key support. Marico Limited [

] shares rallied over 8% on 3 November 2026 after its Q2 consolidated results. Profit rose 29.2% year on year to Rs 558 crore, against Rs 432 crore. Revenue grew 13% to Rs 3,897 crore from Rs 3,450 crore. Profit grew faster than revenue. On the daily chart, price has broken out of the downward channel and trades near Rs 863. The lower high, lower low structure of the recent decline has ended. The all-time high of 889 is about 3% away. In my view, the results and the channel break have improved the setup. The all-time high of 889 may act as resistance, and a close above it would put fresh highs in view. A failure to move past 889 could bring a pullback, and a fall below 757 support would weaken the view. Watch how price behaves near 889 and whether the rally holds above the channel. The sharp one-day gain means a pause or pullback would not be unusual. Stance: bullish bias while 757 holds, with 889 as the key resistance. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.