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Marico Ltd

(MARICO)

₹641.70.75%

as on 04:01PM, 03 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Marico Ltd Analyst Rating

based on 38 analysts

BUY

73.68%

Buy

15.79%

Hold

10.53%

Sell

Based on 38 analysts offering long term price targets for Marico Ltd. An average target of ₹706.55

Source: S&P Global Market Intelligence

Marico Ltd Share analysis

Marico Ltd price forecast by 38 analysts

Upside of9.28%

High

₹823

Target

₹706.55

Low

₹482

Marico Ltd target price ₹706.55, a slight upside of 9.28% compared to current price of ₹641.7. According to 38 analysts rating.

Source: S&P Global Market Intelligence

Marico Ltd Performance

  • Day's Low

    Day's High

    ₹637
    ₹646.5
  • 52 Week's Low

    52 Week's High

    ₹486.3
    ₹719.85
1 Month Return+ 1.83 %
3 Month Return+ 1.02 %
1 Year Return+ 20.62 %
Previous Close₹646.55
Open₹646.50
Volume10.19L
Upper Circuit-
Lower Circuit-
Market Cap₹83,738.52Cr

Marico Ltd Key Statistics

P/E Ratio52.61
PEG Ratio37.85
Market Cap₹83,738.52 Cr
P/B Ratio17.82
EPS11.64
Dividend Yield1.91
SectorEdible Oil
ROE29.64

Marico Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹83,738.52 Cr17.13%0.53₹1,502 Cr₹11,094 Cr
HOLD₹78,534.49 Cr19.87%0.52NANA
BUY₹1,25,538.41 Cr14.31%0.59-₹561 Cr₹14,096 Cr
HOLD₹2,17,113.73 Cr11.38%0.75NANA
HOLD₹1,18,200.09 Cr12.2%0.69₹2,134 Cr₹16,769 Cr

About Marico Ltd

Marico Ltd is a leading Indian consumer products company, incorporated in 1988 by Harsh Mariwala. The company operates in various lines of business including health and beauty, food and beverages, and home and personal care. It has a presence in over 25 countries across Asia, Africa, and the Middle East.

Marico's top products include edible oils, hair oils, skin care, health supplements, and food products. Its popular brands include Parachute, Saffola, Hair & Care, Nihar, Livon, Set Wet, and Mediker. The company has also launched several innovative products, such as Saffola Fittify Gourmet, which is a range of healthy and nutritious food products.

Share Price: ₹641.70 per share as on 03 Dec, 2024 04:01 PM
Market Capitalisation: ₹83,738.52Cr as of today
Revenue: ₹2,664.00Cr as on September 2024 (Q3 24)
Net Profit: ₹433.00Cr as on September 2024 (Q3 24)
Listing date: 01 May, 1996
Chairperson Name: Harsh Mariwala
OrganisationMarico Ltd
HeadquartersMumbai
IndustryEdible Oil
E-voting on sharesClick here to vote
Mediker Share Price
Saffola Share Price
Set Wet Share Price
Parachute Share Price
Livon Share Price
Parachute Hair Oil Share Price

Key events for Marico Ltd

  • Marico Reports Strong Revenue and Profit Growth - 29 Nov, 2024

    Marico reported a revenue of ₹5,307 crore, marking a 7% YoY growth, with a 14% increase in PAT to ₹887 crore. The company shows strong financial metrics, including a RoCE of 43.1% and a low net debt-to-equity ratio of 0.11, indicating robust financial health.
  • Goldman Sachs Reaffirms Buy Rating for Marico - 28 Nov, 2024

    Goldman Sachs maintains a Buy rating on Marico with a target price of ₹720, citing strong performance and market share gains. CEO Gupta expects urban demand recovery as food inflation stabilizes. Marico reported a 20% increase in net profit for the September quarter, with trading volumes surging, indicating positive investor sentiment.
  • Marico Ltd Continues Upward Trend with Gains - 27 Nov, 2024

    Marico Ltd has gained for the fifth consecutive session, rising 2.87% to Rs 646.4. The stock has increased 23.09% over the past year, outperforming both NIFTY and Nifty FMCG indices. The stock's volume today was 23.32 lakh shares, below the monthly average. The PE ratio stands at 60.15 based on TTM earnings.
  • Marico Shares Climb Following Positive Performance - 26 Nov, 2024

    Marico Ltd shares increased by 1.85% to Rs 619.00. The company reported a net profit of Rs 423 crore and a sales increase of 2.46% for Q3 2024.
  • Marico CEO Forecasts Slow Urban Consumption Recovery - 21 Nov, 2024

    Marico's CEO anticipates a six-month timeline for urban consumption recovery due to high food inflation. The company's international business is expanding, despite challenges in Bangladesh.
  • Marico Reports Profit Growth Amid Downgrade - 20 Nov, 2024

    Marico's Q2 profit rose 20.27% to ₹433 crore, but Geojit downgraded the stock to Accumulate, citing rising input costs and international uncertainties.
  • Marico Downgraded to Accumulate with Target Price - 19 Nov, 2024

    Marico Limited's Q2FY25 revenue rose 7.6% YoY to Rs. 2,664cr, with profit after tax up 20.3% YoY. However, rising input costs and international uncertainties led Geojit Financial Services to downgrade the stock rating to ACCUMULATE, setting a target price of Rs. 678.
  • Marico Anticipates Food Inflation Moderation - 18 Nov, 2024

    Marico expects food inflation to moderate in the next two quarters, aiding urban consumption. The company aims for double-digit growth in FY25 while managing rising input costs through strategic pricing adjustments.
  • Marico Projects Double-Digit Growth Amid Inflation - 17 Nov, 2024

    Marico expects double-digit revenue growth in the second half of FY25, driven by moderating food inflation and improved urban consumption. The company has already raised prices for its Saffola range and anticipates similar actions from competitors due to rising raw material costs.
  • Marico Launches Project SETU for Growth - 15 Nov, 2024

    Marico Ltd has launched Project SETU aimed at improving profitability for its general trade partners and expanding its direct market reach over the next three years.
  • CLSA Forecasts Impact on Marico from Market Trends - 13 Nov, 2024

    According to CLSA, companies in the sector may surpass $78 billion in gross orders, potentially affecting major players like Marico and Hindustan Unilever.
  • Marico Aims for Growth in Men's Grooming Sector - 07 Nov, 2024

    Marico, having acquired Beardo, aims for double-digit EBITDA margins for the brand and its men's grooming line by FY27, emphasizing a digital-first approach.
  • Delhi High Court Rules in Favor of Marico Limited - 06 Nov, 2024

    The Delhi High Court has restrained Alpino Health Foods from disparaging 'OATS' in advertisements following a suit by Marico Limited, which claimed generic disparagement of oats. The court issued an ad-interim injunction against Alpino's campaign, which targeted oats negatively. The case is scheduled for a hearing on March 19, 2025.
  • Marico Q2FY2025 Performance and Outlook - 31 Oct, 2024

    Marico's Q2FY2025 results met expectations with 8% revenue growth. Management anticipates improved volume growth and double-digit revenue growth in H2, despite input cost pressures. The stock has corrected 12% recently, and Sharekhan maintains a Buy rating with a target price of Rs 780.

Insights on Marico Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 2.29K Cr → 2.74K Cr (in ₹), with an average increase of 8.4% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 24.61% to 24.87% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, MARICO stock has moved up by 21.6%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, MARICO has outperformed top 5 stocks with highest market-cap in Personal Products

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Godrej Consumer Products Ltd has given 34.4% return, outperforming this stock by 12.8%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 5.04% to 4.92% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 4.69% to 4.61% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 59.28% to 59.20% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 464.0 Cr → 423.0 Cr (in ₹), with an average decrease of 8.8% per quarter

Marico Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,476.00Cr (-)₹2,422.00Cr (↓2.18%)₹2,278.00Cr (↓5.95%)₹2,643.00Cr (↑16.02%)₹2,664.00Cr (↑0.79%)
Net Income₹360.00Cr (-)₹386.00Cr (↑7.22%)₹320.00Cr (↓17.10%)₹474.00Cr (↑48.13%)₹433.00Cr (↓8.65%)
Net Profit Margin14.54% (-)15.94% (↑9.63%)14.05% (↓11.86%)17.93% (↑27.62%)16.25% (↓9.37%)
Value in ₹ crore
Details2021202220232024
Total Assets₹4,508.00Cr (-)₹4,532.00Cr (↑0.53%)₹5,133.00Cr (↑13.26%)₹5,028.00Cr (↓2.05%)
Total Liabilities₹1,473.00Cr (-)₹1,483.00Cr (↑0.68%)₹1,456.00Cr (↓1.82%)₹1,431.00Cr (↓1.72%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹970.00Cr (-)₹1,564.00Cr (↑61.24%)₹656.00Cr (↓58.06%)₹1,002.00Cr (↑52.74%)₹1,044.00Cr (↑4.19%)

Index Inclusions

BSE 200

₹11,280.05

0.77 (86.13%)

Nifty FMCG

₹57,689.20

-0.39 (-227.8%)

S&P BSE 100 ESG

₹406.00

0.63 (2.53%)

BSE 100

₹25,900.60

0.8 (206.02%)

Nifty LargeMidcap 250

₹16,052.90

0.83 (131.65%)

Nifty 200

₹13,825.85

0.79 (108.9%)

S&P BSE 250 LargeMidCap

₹10,706.91

0.79 (83.72%)

S&P BSE Largecap

₹9,521.53

0.75 (70.94%)

S&P BSE SEN. N50

₹84,019.18

1.15 (953.2%)

BSE FMCG Sector

₹21,131.53

-0.31 (-66.46%)

Nifty100 Quality

₹5,759.10

0.25 (14.25%)

S&P BSE Dividend Stability

₹1,031.29

0.68 (6.97%)

BSE 500

₹36,246.75

0.8 (289.35%)

S&P BSE Quality

₹1,846.49

0.37 (6.88%)

Nifty Midcap 150

₹21,291.35

0.88 (185.4%)

Nifty MidSmallcap 400

₹20,172.55

0.9 (180%)

Nifty 500

₹23,020.85

0.81 (185%)

Nifty Midcap 100

₹57,509.00

0.89 (508.15%)

S&P BSE 150 MidCap

₹16,164.98

0.91 (145.4%)

Nifty Midcap 50

₹16,055.70

0.83 (132.15%)

S&P BSE 400 MidSmallCap

₹12,356.72

0.92 (113.09%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Marico Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
59.2%
-0.14
Foreign Institutions
24.87%
1.06
Mutual Funds
4.92%
-2.46
Retail Investors
4.61%
-1.77
Others
6.4%
0.44

Marico Ltd Key Indicators

Details20202021202220232024
Earning Per Share (₹)8.099.299.7310.2511.64
Details20202021202220232024
Return On Equity %31.5837.3538.2335.0629.64
Details20202021202220232024
Return On Assets %24.482627.0325.3729.46
Details20202021202220232024
Book Value Per Share (₹)23.6425.4325.9529.4529.71

Marico Ltd Valuation

Marico Ltd in the last 5 years

  • Overview

  • Trends

Lowest (25.23x)

March 23, 2020

Today (52.61x)

December 2, 2024

Industry (138.25x)

December 2, 2024

Highest (64.75x)

September 13, 2021

LowHigh

Marico Ltd Earnings and Dividends

  • Marico Ltd Earnings Results

    Marico Ltd’s net profit jumped 19.83% since last year same period to ₹423Cr in the Q2 2024-2025. On a quarterly growth basis, Marico Ltd has generated -8.84% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Marico Ltd Dividends February,2024

    In the quarter ending December 2023, Marico Ltd has declared dividend of ₹6.50 - translating a dividend yield of 2.17%.

    Read More about Dividends

Marico Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Marico Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Marico Ltd

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Marico Ltd (MARICO) share price today is ₹641.7

Marico Ltd is listed on NSE

Marico Ltd is listed on BSE

  • Today’s highest price of Marico Ltd is ₹646.5.
  • Today’s lowest price of Marico Ltd is ₹637.

PE Ratio of Marico Ltd is 52.61

PE ratio = Marico Ltd Market price per share / Marico Ltd Earnings per share

Today’s traded volume of Marico Ltd(MARICO) is 10.19L.

Today’s market capitalisation of Marico Ltd(MARICO) is ₹83738.52Cr.

Marico Ltd(MARICOPrice
52 Week High
₹719.85
52 Week Low
₹486.3

Marico Ltd(MARICO) share price is ₹641.7. It is down -10.86% from its 52 Week High price of ₹719.85

Marico Ltd(MARICO) share price is ₹641.7. It is up 31.96% from its 52 Week Low price of ₹486.3

Marico Ltd(MARICOReturns
1 Day Returns
-4.85%
1 Month Returns
1.83%
3 Month Returns
1.02%
1 Year Returns
20.62%