Marico Ltd Share Price (MARICO)

FMCG Stocks Struggle in 2024 - 15 Apr, 2024

Marico Ltd is among the FMCG stocks that have lost over 5% on a year-to-date basis, along with Nestle. HUL, Britannia Industries, and Dabur have all lost over 11%, while ITC shares are down over 8%.

Marico Expects Low Single-Digit Revenue Growth in Q4 - 10 Apr, 2024

Marico Ltd's consolidated revenue growth for Q4 is expected to be in the low single digits, with domestic revenue growth outpacing volume growth. The company's leading brand, Parachute Coconut Oil, registered low single-digit volume growth last quarter due to continued revival in loose to branded conversions amidst firming up of copra prices. Marico's stock traded 0.38% up at Rs 511.6 and the MACD signalled a bullish bias on the counter. Kitchen staples companies reported consumers shifting back to branded packaged staples from loose items, aiding Marico's sales.

Marico Ltd Demand Environment Remains Subdued - 09 Apr, 2024

Early commentaries from FMCG players like Marico, Dabur India and Godrej Consumer Products suggest that the overall demand environment remained subdued during Q1 2024.

Marico Receives Mixed Views from Brokerages Despite Positive Q4 Update - 08 Apr, 2024

Marico's Q4 business update shows slight uptick in domestic volume growth, while international business clocks double-digit constant currency growth. Brokerages have mixed views, with CLSA retaining sell call, Morgan Stanley maintaining equal-weight call, and Macquarie remaining positive.

Marico Expects Margin Expansion and Profit Growth - 07 Apr, 2024

FMCG giant Marico anticipates strong gross margin expansion and low double-digit operating profit growth, with domestic revenue growth expected to outpace volume growth. The company aims to deliver sustainable and profitable volume-led growth over the medium term.

Marico Expects Revenue Growth After Three Quarters of Fall - 05 Apr, 2024

Marico Ltd reported low-single-digit consolidated revenue growth in Q4, with expectations of further growth. The company aims to broaden its portfolio by expanding food and digital-first brands while enhancing profitability metrics.

Marico Stock on Downtrend, Technical Analysis Suggests Going Short - 04 Apr, 2024

Marico Ltd's stock has been on a downtrend since September 2023. Technical analysis suggests going short at around ₹496 and adding more shorts if the price inches up to ₹505 with stop-loss at ₹510 and book profits at ₹485.

Mixed Bag for Marico with Profitable Growth Expected Amid Rural Demand Improvement - 01 Apr, 2024

Marico reported a small dip in revenue but saw net profit growth in the December 2023 quarter. Negative price growth is expected to continue in Q4FY24 for Marico and other FMCG companies. Meanwhile, Beardo's CEO has gone on a sabbatical, and two executives will lead operations during his absence.

Marico Founder Receives Lifetime Achievement Award; Company Acquires D2C Brands - 30 Mar, 2024

Marico founder Harsh Mariwala receives Lifetime Achievement Award at Mint India Investment Summit 2024. Marico acquires four direct-to-consumer brands to accelerate digital transformation. Saugata Gupta, MD & CEO, credits e-commerce platforms for boosting global appeal of Indian products.

ICICI Securities Gives Buy Call on Marico with Target Price of Rs 600 - 20 Mar, 2024

Marico Ltd reported a consolidated total income of Rs 2465.00 crore for the quarter ended December 31, 2023, down -1.95% from last quarter and -1.79% YoY. The company's net profit after tax was Rs 386.00 crore in the latest quarter. Promoters held 59.39% stake in the company as of Dec 31, 2023, while FIIs owned 25.69%, DIIs 9.62%. ICICI Securities has given a buy call on Marico with a target price of Rs 600.

Marico Ltd's ROCE Outperforms Industry Average - 18 Mar, 2024

Marico Ltd has a current ROCE of 32%, which is higher than the industry average of 15%. The company has reinvested profits at increasing rates of return and deployed 80% more capital into its operations over the past five years. Shareholders have seen a meaningful return of 60% in the last five years.