Marico trades higher on reporting marginal rise in Q1 consolidated net profit
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Marico is currently trading at Rs. 525.75, up by 6.20 points or 1.19% from its previous closing of Rs. 519.55 on the BSE.
The scrip opened at Rs. 525.00 and has touched a high and low of Rs. 527.70 and Rs. 521.20 respectively. So far 15861 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 606.00 on 18-Oct-2021 and a 52 week low of Rs. 455.80 on 27-Jan-2022.
Last one week high and low of the scrip stood at Rs. 536.70 and Rs. 514.55 respectively. The current market cap of the company is Rs. 67678.25 crore.
The promoters holding in the company stood at 59.48%, while Institutions and Non-Institutions held 33.92% and 6.60% respectively.
Marico has reported a rise of 47.15% in its net profit at Rs 387 crore for first quarter ended June 30, 2022 as compared to Rs 263 crore for the same quarter in the previous year. Total income of the company increased by 1.74% at Rs 2108 crore for Q1FY23 as compared Rs 2072 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 3.29% in its net profit at Rs 377 crore for first quarter ended June 30, 2022 as compared to Rs 365 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.90% at Rs 2575 crore for Q1FY23 as compared Rs 2552 crore for the corresponding quarter previous year.
