Marico Ltd Share Price (MARICO)

Mixed Sentiments for Marico Ltd Stock - 28 Sep, 2023

Traders take bearish bets on Marico while it is also named as a TTC compounder 100-bagger. Mixed sentiments observed.

Marico Ltd Stock Shows Potential for Upside Movement - 27 Sep, 2023

Marico Ltd's stock is showing a gradual up move with a higher low series on the daily chart and has formed a Cup and Handle chart pattern, indicating potential for further upside movement.

Mutual Funds Trim Exposure in Marico Ltd - 13 Sep, 2023

Marico Ltd was one of the largecap stocks where mutual funds trimmed their exposures in August.

Top-Level Changes Announced at Marico Ltd - 12 Sep, 2023

FMCG products maker Marico announced top-level changes after the resignation of its COO and CEO. Vaibhav Bhanchawat will take over as COO for India & Foods Business.

Marico COO Sanjay Mishra Steps Down, Vaibhav Bhanchawat to Take Over as India COO - 11 Sep, 2023

Sanjay Mishra, the Chief Operating Officer of Marico's India business and CEO of new business, is stepping down. Vaibhav Bhanchawat will take over as COO of India business from October 1. Ashish Goupal will be designated as CEO of international business.

Marico Promoters' Combined Net Worth Increases by 5.38% - 04 Sep, 2023

Harsh Mariwala and Kishore Mariwala, promoters of Marico Ltd, witnessed a 5.38% increase in their combined net worth to ₹41,459 crore due to the company's focus on optimizing its food portfolio and D2C brands.

Marico Ltd's Insiders Hold Significant Stake in the Company - 03 Sep, 2023

Private companies hold 45% of Marico Ltd's shares, while institutions account for 28%. The company's insiders maintain a meaningful ₹94b stake in this ₹735b business. The general public holds a 13% stake.

FMCG Companies Acquiring D2C Businesses - 23 Aug, 2023

Hindustan Unilever, Marico, ITC, and Tata Consumer Products have been actively acquiring food and non-food direct-to-consumer businesses.

Marico Acquires Stake in Plix and Reports Rise in Net Profit - 21 Aug, 2023

Marico Ltd acquires a majority stake in plant-based nutrition brand Plix and reports a rise in net profit despite a slip in revenue. Hedonova CIO recommends Marico as a top pick.

Marico Reports Rise in Net Profit Despite Revenue Drop - 20 Aug, 2023

Marico Ltd reported a 15.64% increase in its consolidated net profit to Rs 436 crore, while revenue from operations fell by 3.16% due to pricing drops in key domestic portfolios and currency headwinds in international markets.

Marico Q1 Profit Up 15.6% YoY - 19 Aug, 2023

Marico Ltd posted a fiscal first-quarter profit of Rs 436 crore, up 15.6% YoY, with gross margin expanding ahead of internal expectations due to softer input costs. The food business continued its healthy scale-up with 244% value growth YoY.

Marico's Steady Growth in Per-Share Earnings - 18 Aug, 2023

Marico Ltd has shown steady growth in per-share earnings, with positive analyst forecasts for future profits.

FMCG Companies Focus on Volume Growth as Commodity Inflation Moderates - 17 Aug, 2023

Companies like Marico, HUL, Godrej Consumer and Dabur are cutting prices by 5-10% in the June quarter to boost volume growth.

Marico Acquires Part Ownership in Plix Amidst Growing Competition from Local Brands - 10 Aug, 2023

Marico Ltd invests Rs 369 crore in Plix amidst growing competition from local brands. Market research shows local companies grew 13% while regional brands fell 2%.

Mixed Results for Marico Ltd in Q1 - 03 Aug, 2023

Marico Ltd's Q1 results show a fall in revenue due to sluggish rural demand, but profit rose on a drop in input costs. Analysts recommend a buy call with a target price of Rs 610.

Marico Reports Rise in Quarterly Profit Despite Revenue Fall - 02 Aug, 2023

Marico Ltd reported a bigger-than-expected rise in quarterly profit despite a fall in revenue due to sluggish rural demand. Sharrp Ventures, Marico's family office, has invested around $40 million in the start-up ecosystem. Marico's ROCE of 38% outpaces industry average.

Marico Sees Optimistic Recovery Outlook Despite Slow Rural Growth - 01 Aug, 2023

Marico Ltd reports slower rural recovery than expected, but sees positive revenue growth in H2 with gross margin expansion. Confirms higher demand in rural India due to government spending on infrastructure.

Mixed Results for Marico Ltd in Q1 FY24 - 31 Jul, 2023

Marico Ltd reported mixed results for Q1 FY24, with consolidated net profit rising 15-16%, but revenue falling 3.2%. Brokerages remain largely positive, expecting improvement in sales from H2 FY24.

Marico Aims for Revenue Growth Through Personal Care Business - 30 Jul, 2023

Marico aims to reduce its dependence on volatile edible oil market and focus on personal care and food portfolio. The company expects significant growth in its premium personal care business and digital-first portfolio.

Marico Beats Estimates with Strong Q1 Results - 28 Jul, 2023

Marico Ltd reported a strong Q1 performance, beating analyst estimates with a consolidated net profit ranging from Rs 427-436 crore and revenue from operations slipping 3.16-3.2% YoY.