Marico jumps on reporting 5% rise in Q4 consolidated net profit
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Marico is currently trading at Rs. 568.55, up by 37.50 points or 7.06% from its previous closing of Rs. 531.05 on the BSE.
The scrip opened at Rs. 559.35 and has touched a high and low of Rs. 582.75 and Rs. 559.35 respectively. So far 668626 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 595.00 on 03-Oct-2023 and a 52 week low of Rs. 486.75 on 19-Mar-2024.
Last one week high and low of the scrip stood at Rs. 582.75 and Rs. 510.90 respectively. The current market cap of the company is Rs. 74171.45 crore.
The promoters holding in the company stood at 59.34%, while Institutions and Non-Institutions held 35.42% and 5.24% respectively.
Marico has reported 12.25% rise in its net profit at Rs 229 crore for the quarter ended March 31, 2024 as compared to Rs 204 crore for the same quarter in the previous year. However, total income of the company decreased by 3.87% at Rs 1,665 crore for Q4FY24 as compared Rs 1,732 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 4.92% rise in its net profit at Rs 320 crore for fourth quarter ended March 31, 2024 as compared to Rs 305 crore for the same quarter in the previous year. However, total income of the company decreased by 0.65% at Rs 2,293 crore for Q4FY24 as compared Rs 2,308 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 8.57% fall in net profit at Rs 1,078 crore as compared to Rs 1,179 crore for the previous year. Total income of the company decreased by 8.57% at Rs 7,137 crore for year under review as compared to Rs 7,806 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 13.62% rise in its net profit at Rs 1,502 crore as compared to Rs 1,322 crore for the previous year. However, total income of the company decreased by 1.14% at Rs 9,795 crore for year under review as compared to Rs 9,908 crore for year ended March 31, 2023.
