Mumbai, September 9 (Kiran News) — Shares of Marico edged higher on Tuesday after the FMCG major announced the launch of its latest premium hair nourishment product — Parachute Advansed Olive Enriched Coconut Hair Oil.
The new variant strengthens Marico’s natural haircare portfolio by introducing olive as a key ingredient, positioned as vital for nourishment and strength. The product aims to connect with contemporary, digitally savvy consumers who are increasingly aware of beauty trends and natural ingredients.
According to the company, the unique blend of coconut-based hair oil and olive helps reduce hair fall and promotes stronger, smoother hair. While olive supports reduced breakage and healthy hair growth, coconut-based oil helps lock in protein, delivering up to 10 times stronger hair. The brand claims this superblend reduces hair fall by up to 10x and provides up to 90 percent stronger hair with long-term use.
On the BSE, Marico was trading at ₹732.25, up by ₹1.65 or 0.23 percent from the previous close of ₹730.60. The stock opened at ₹738.75 and touched an intraday high of ₹738.75 and a low of ₹724.65. A total of 13,999 shares changed hands during the session.
The Group ‘A’ stock, with a face value of ₹1, has a 52-week high of ₹761.45 (September 4, 2025) and a 52-week low of ₹577.90 (March 4, 2025). Over the past week, it has moved between ₹724.65 and ₹761.45.
Marico’s market capitalization currently stands at ₹94,857.32 crore. Promoters hold 59.03 percent stake, while institutional investors own 36.32 percent and non-institutional shareholders hold 4.65 percent.
Marico is one of India’s leading consumer products groups with a strong presence in the global beauty and wellness space.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
