Marico Ltd (MARICO)

Rural Boost May Benefit Marico and Other FMCG Stocks - 23 Jul, 2024

A boost to the rural economy is expected to benefit consumption stocks like Marico, HUL, Britannia Industries, ITC, and Dabur. Rural India accounts for approximately 35% of FMCG sales.

Marico Aims to Double Scale in Food Business by FY27 - 22 Jul, 2024

Marico Ltd targets a consistent 20%+ CAGR and aims to double its scale in the food business by FY27. The company plans to invest Rs 80-100 crore for the next three years to expand distribution reach through Project Setu. Marico will focus on diversifying and de-commoditizing with an accelerated push in premium personal care and foods segment.

Marico Ltd Stock Rises for Third Straight Session - 16 Jul, 2024

Marico Ltd stock has risen 2.32% to Rs 668.1 on the NSE, while Nifty FMCG index is up 0.8%. The stock has gained around 7.15% in the last month and has a PE of 78.36 based on TTM earnings ending March 24.

Marico Aims for Double-Digit Revenue Growth; Emkay Expects Increase in Net Profit - 15 Jul, 2024

Marico is aiming for double-digit revenue growth in the medium term, with domestic revenue expected to outpace volume growth from Q1FY25. Meanwhile, Emkay predicts that Marico will report a net profit of Rs 335.7 crore, up 14% YoY, and net sales are expected to increase by 10% YoY to Rs 1,456 crore.

Marico Ltd's Market Cap Decreases, Revenue Declines Slightly - 11 Jul, 2024

Marico Ltd's market capitalization has decreased by ₹2,957 crores and revenue declined slightly year-on-year. However, the net profit increased by 13%.

Marico Reports Robust Q1 Performance, Expects Growth Improvement - 08 Jul, 2024

Marico Ltd's Q1FY25 business commentary was better than expected, with consolidated revenue growth in high single digits and gross margin likely to expand YoY due to a favorable portfolio mix. The company also expects additional growth drivers for its premium personal care-led digital business and plans to accelerate the portfolio diversification agenda of the India business through collaboration with Kaya.

Marico Reports High Single-Digit Revenue Growth - 07 Jul, 2024

Marico Ltd reported high single-digit revenue growth in the June quarter with a modest uptick in underlying volume growth on a sequential basis. The company expects gross margin to expand on a year-on-year basis and plans strong growth in constant currency terms for its international business despite challenges from currency depreciation in Turkey and Egypt.

Marico Expects Modest Uptick in Volume Growth for Q1FY25 - 06 Jul, 2024

Marico expects a modest uptick in underlying volume growth and consolidated revenue to touch high single digits in Q1FY25. Gross margins are expected to expand on a YoY basis.

Marico Expects Uptick in Domestic Volume Growth - 05 Jul, 2024

Marico expects an uptick in domestic volume growth and consolidated revenue growth to trend upwards during the year. The company reported high single-digit consolidated revenue growth in Q1 despite residual impact of pricing cuts in Saffola Oils portfolio and currency headwinds in overseas markets. Marico's international business delivered double-digit constant currency growth.

Marico Collaborates with Kaya Limited for Exclusive Sales and Marketing - 04 Jul, 2024

FMCG major Marico has announced a collaboration with dermatological solutions provider Kaya, with Marico exclusively handling sales and marketing of Kayas 75+ efficacious science-based personal care products outside of Kayas clinics. A sell recommendation was also given due to the stock breaking below its recent swing low support level.

Marico Collaborates with Kaya Ltd; Stock Falls on Cautious Outlook - 03 Jul, 2024

Marico has collaborated with Kaya Ltd to handle sales and marketing of Kayas personal care products. However, Marico's stock fell due to CLSA's cautious outlook citing rising competition in urban areas for its oil and oats portfolio.

Marico Ltd Shares Fall 3% After Cautious Outlook from CLSA - 02 Jul, 2024

CLSA has issued a cautious outlook on Marico Ltd due to rising competition in urban India for its oil portfolio, increased competition in the oats segment, and other national and niche brands positioning themselves at higher price points. The brokerage believes that Marico's growth potential has narrowed compared to previous periods.

Marico Ltd Uses AI to Boost International Growth - 01 Jul, 2024

FMCG maker Marico Ltd is using artificial intelligence (AI) to identify consumer insights in its international operations and observe trends in the domestic market. The company's international business has delivered healthy growth rates, comprising 26% of its overall business. Marico is also looking at acquisitions in South Asia to ramp up growth.

Marico's International Business Helps Offset Weak Domestic Demand - 29 Jun, 2024

FMCG makers Marico, Godrej Consumer Products, and Emami posted 7-20% growth in their international business, led by better performance in markets such as Bangladesh and Indonesia. During the September quarter, Marico registered an underlying domestic volume growth of 1% and a constant currency growth of 9% in the international business.

Marico Re-appoints CEO, Reports 5% Rise in Q3 Net Profit - 28 Jun, 2024

FMCG major Marico has re-appointed Saugata Gupta as MD and CEO for two years and appointed Rajan Bharti Mittal as an Independent Director. The company reported a 5% rise in net profit to ₹333 crore during Q3 ended December 2022 with revenue from operations rising by 2.6%. Volumes grew in mid-single digits during the March quarter.