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Marico shines on reporting 19% rise in Q4 consolidated net profit
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Marico is currently trading at Rs. 529.90, up by 36.25 points or 7.34% from its previous closing of Rs. 493.65 on the BSE.
The scrip opened at Rs. 504.00 and has touched a high and low of Rs. 539.50 and Rs. 504.00 respectively. So far 323575 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 554.05 on 23-Sep-2022 and a 52 week low of Rs. 462.95 on 20-Apr-2023.
Last one week high and low of the scrip stood at Rs. 539.50 and Rs. 491.15 respectively. The current market cap of the company is Rs. 68436.49 crore.
The promoters holding in the company stood at 59.42%, while Institutions and Non-Institutions held 35.06% and 5.52% respectively.
Marico has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 30.38% fall in its net profit at Rs 204 crore for the quarter under review as compared to Rs 293 crore for the same quarter in the previous year. Total income of the company marginally decreased by 4.42% at Rs 1732 crore for Q4FY23 as compared to Rs 1812 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 18.68% rise in its net profit at Rs 305 crore for fourth quarter ended March 31, 2023 as compared to Rs 257 crore for the same quarter in the previous year. Total income of the company increased by 5.63% at Rs 2308 crore for Q4FY23 as compared to Rs 2185 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 1.38% marginal rise in its net profit at Rs 1179 crore as compared to Rs 1163 crore for the previous year. However, total income of the company marginally decreased by 0.65% at Rs 7806 crore for year under review as compared to Rs 7857 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 5.33% rise in its net profit at Rs 1322 crore as compared to Rs 1255 crore for the previous year. Total income of the company increased by 3.10% at Rs 9908 crore for year under review as compared to Rs 9610 crore for year ended March 31, 2022.
