News By Tags

Marico slips amid concerns of business being affected due to Bangladesh political crisis

Source: Accord Fintech
2024-08-06 12:54:23 pm

India's Marico beats Q1 profit estimates on cooking, hair oil demand

India's Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year. The company's consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter, just above analysts' average estimate of 4.63 billion rupees, according to LSEG data. Total revenue from operations increased 6.7% to 26.4...

India's Marico beats Q1 profit estimates on cooking, hair oil demand

Source: Reuters
2024-08-05 03:14:03 pm

ADD Marico Ltd. For Target Rs. 600 - Emkay Global Financial Services

In-line Q4; enhanced distribution thrust, a positive Marico targets low double-digit growth in FY25 backed by high single-digit volume growth in the domestic business. Though its growth businesses are on the path to building profitability, re-igniting growth in core portfolio is key to realizing overall goals. Project SETU, placed to enhance domestic distribution prowess, is likely to help boost Company’s portfolio play. Unlike margin compression expected ahead amid thrust on topline...

ADD Marico Ltd. For Target Rs. 600 - Emkay Global Financial Services

Source: Emkay Global Financial Services
2024-06-27 05:10:25 pm

ADD Marico Ltd. For Target Rs.620 - Yes Securities

Volumes to improve + Pricing cycle to reverse Marico Ltd. (MRCO) 4QFY24 headline performance was in-line. Revenue for the quarter continued to be impacted by soft demand environment and flow through of earlier price corrections taken in domestic core. Gross margins (+30bps QoQ & +420bps YoY) surprised us positively led by softer input costs and favourable portfolio mix but was offset by higher overheads. Below EBITDA, impact of lower other income was offset by lower tax charge. Improvi...

ADD Marico Ltd. For Target Rs.620 - Yes Securities

Source: Yes Securities Ltd.
2024-06-26 11:37:34 am

Buy Marico Ltd. For Target Rs.625 By Motilal Oswal Financial Services

In-line performance; volume trend to improve in FY25 * Marico (MRCO) reported an in-line revenue growth with a slight miss in EBITDA in 4QFY24. Domestic revenue was flat owing to the impact of price cuts. Volume grew 3%. International growth was 7% YoY (10% cc growth). * Parachute coconut oil (PCNO) posted 2%/2% YoY growth in value/volume. The category gained 50bp in market share, but its performance was subdued throughout the year. VAHO revenue was down 7% YoY, affected by a high base ...

Buy Marico Ltd. For Target Rs.625 By Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services Ltd
2024-06-14 06:00:05 pm

Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking

Marico Ltd * We are seeing decent strength in the FMCG sector and MARICO is leading from the front. * It has formed a fresh buying pivot holding above its short term moving average indicates momentum in place. * stock has rebounded higher with noticeable volumes finding support around its previous resistance zone highlights inherent strength in price. * Traders can consider fresh longs in the mentioned range. Buy Marico Ltd CMP 614.55 ...

Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking

Source: Religare Broking
2024-06-05 11:06:13 am

Buy Marico Ltd For Target Rs.1,676 - Yes Securities

Source: Yes Securities Ltd.
2024-05-18 10:59:08 am

Buy Marico Ltd For Target Rs. 600 - JM Financial Institutional Securities

Marico’s 4Q earnings print was inline with expectations. Volume trajectory (+3%) was inline and similar to trends seen in recent quarters. Going ahead for FY25, management expects improvement in domestic volume growth – aided by uptick in Parachute volumes and Saffola edible oils, acceleration in growth businesses (Foods & D2C personal care), traction in international business and initiatives around expanding direct distribution. Moreover, price correction-led drag on topline ...

Buy Marico Ltd For Target Rs. 600 - JM Financial Institutional Securities

Source: JM Financial Services
2024-05-17 12:50:42 pm

Buy Marico Ltd. For Target Rs.668 By Geojit Financial Services Ltd

Sustained momentum; margin to improve Headquartered in Mumbai, Marico Limited is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola, and Livon. * In Q4FY24, consolidated revenue rose 1.7% YoY to Rs. 2,278cr (-5.9% QoQ), driven by steady domestic business and healthy growth in its international business. * EBITDA margin expanded 190bps YoY to 19.4%, despite an 8.0% YoY increase i...

Buy Marico Ltd. For Target Rs.668 By Geojit Financial Services Ltd

Source: Geojit Financial Services Ltd
2024-05-16 09:58:25 am

Add Marico Ltd. For Target Rs. 620 By Yes Securities Ltd.

Source: Yes Securities Ltd.
2024-05-08 12:04:09 pm

Marico jumps on reporting 5% rise in Q4 consolidated net profit

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. 58...

Marico jumps on reporting 5% rise in Q4 consolidated net profit

Source: Accord Fintech
2024-05-07 10:40:47 am

Marico posts 5.3 pc rise in q4 net profit, declares dividend of Rs 6.50 per share

Fast moving consumer goods major Marico on Monday reported a 5.3 per cent in consolidated net profit rose to Rs 318 crore for the Jan-March quarter compared to the corresponding figure of Rs 302 crore in the same period last year. Marico which owns the Saffola and Parachute brands of packaged oils posted a 2 per cent increase in revenue at Rs 2,278 crore up from Rs 2,240 crore in the same quarter of the previous year. The Board of Directors of Marico Limited declared a second interim di...

Marico posts 5.3 pc rise in q4 net profit, declares dividend of Rs 6.50 per share

Source: IANS
2024-05-06 05:19:04 pm

Buy Marico Ltd For Target Rs.625 - Motilal Oswal Financial Services Ltd

Performance in line; volume recovery sluggish * Marico (MRCO) reported an in-line revenue growth with a marginal beat on EBITDA. Domestic revenue was flat owing to the impact of price cuts and an unchanged volume trend. A sequential improvement was noted in urban areas, while the rural recovery was slow. However, the demand environment remained muted during the quarter. * Domestic revenue is likely to improve in the ensuing quarters owing to a gradual volume recovery and a low price cut...

Buy Marico Ltd For Target Rs.625 - Motilal Oswal Financial Services Ltd

Source: motilal oswal financial services Ltd
2024-04-27 12:04:41 pm

Buy Marico Ltd For Target Rs.625 - Motilal Oswal Financial Services Ltd

Source: motilal oswal financial services Ltd
2024-04-23 12:51:12 pm

Add Marico Ltd. For Target Rs.605 By Yes Securities Ltd.

Volume improvement crucial in FY25 for double-digit growth Marico Ltd. (MRCO) 3QFY24 consolidated performance was a mixed bag. Revenue for the quarter was impacted by soft demand environment, stock reduction in general trade (GT) to support channel for better future growth, flow through of earlier price corrections taken in domestic core and transient macroeconomic headwinds in Bangladesh. While margins surprised us positively led by softer input costs and favourable portfolio mix. Managem...

Add Marico Ltd. For Target Rs.605 By Yes Securities Ltd.

Source: Yes Securities Ltd.
2024-04-21 01:55:07 pm

Buy Marico Ltd For Target Rs.625 By Motilal Oswal Financial Services Ltd

- Marico (MRCO) reported an in-line revenue growth with a marginal beat on EBITDA. Domestic revenue was flat owing to the impact of price cuts and an unchanged volume trend. A sequential improvement was noted in urban areas, while the rural recovery was slow. However, the demand environment remained muted during the quarter. - Domestic revenue is likely to improve in the ensuing quarters owing to a gradual volume recover...

Buy Marico Ltd For Target Rs.625 By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2024-04-21 09:56:52 am

India`s Marico forecasts revenue growth in Q4 after three quarters of fall, shares up

Indian consumer goods manufacturer Marico expects revenue growth in the March quarter after logging three straight quarters of fall, as demand for fast-moving consumer goods stayed consistent compared to the previous quarters, it said on Friday. The company said it eyed revenue growth as a percentage in the low-single digits and added that it expected consolidated revenue growth to trend upwards in the upcoming quarters. Consumer goods makers have grappled with subdued sales in rural ar...

India`s Marico forecasts revenue growth in Q4 after three quarters of fall, shares up

Source: Reuters
2024-04-05 01:50:42 pm

Dabur India flags sluggish demand in March-quarter; shares drop

Consumer goods maker Dabur India flagged sluggish demand in the March quarter and indicated slowing revenue growth from prior quarters on Thursday, sending shares to a near six-month low. Dabur said it expects mid-single digit percentage revenue growth in the quarter ended March 31, compared to a 7% rise in the December-quarter and 7.3% jump in the quarter before that. Its shares fell 4.5% after the news, and were on track for their worst day since May 2023. The stock was also the top d...

Dabur India flags sluggish demand in March-quarter; shares drop

Source: Reuters
2024-04-04 02:40:25 pm

Buy Marico Ltd. For Target Rs.615 By JM Financial Services

Margin guidance for FY24E upped one more time Marico’s 3Q revenue was inline but gross margin progression again turned out much better than expected. Volume trajectory remained soft (+2%) - a function of rural weakness, and stock-corrections taken in general trade (c.2% impact). The company has upped its FY24E margin guidance again - now looking at a potential gross margin gain of 450-500bps (vs 200-250bps back in May) and EBITDA margin expansion of c.250bps (vs >100bps in May). W...

Buy Marico Ltd. For Target Rs.615 By JM Financial Services

Source: JM Financial Services
2024-04-02 12:44:24 pm

Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai

Early-stage investment firm Venture Catalysts, on Monday, said that it has led a seed funding round in Plotch.ai, the country's largest Open Network for Digital Commerce (ONDC) rails infrastructure company. Plotch.ai's partnership with Google to integrate AI into the ONDC network is a move to promote local language adoption and enhance accessibility for rural India. The fresh investment (the financial terms were not disclosed) by Venture Catalysts and AC Ventures will fuel Plotc...

Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai

Source: IANS
2024-04-01 04:42:52 pm

Nestle India posts higher Q4 profit on strong urban demand

Nestle India reported a nearly 16% rise in fourth-quarter profit before a one-time charge on steady urban demand for its products including its Nescafé range of coffees and KitKat chocolates. Profit before exceptional items and tax grew to 9.94 billion rupees ($119.81 million) for the three months ended Dec. 31 from 8.59 billion rupees a year earlier. The company recorded a one-time charge of 1.07 billion rupees during the period, it said. Shares of Nestle India, which is know...

Nestle India posts higher Q4 profit on strong urban demand

Source: Reuters
2024-02-07 01:53:59 pm

Buy Marico Ltd For Taget Rs.666- Religare Broking Ltd

Revenue growth muted but domestic volume grew in single digit: Marico reported decline in revenue growth of 1.9% YoY and 2.2% QoQ to Rs 2,422cr because of the pricing correction in its domestic portfolio, inventory reduction and currency headwinds in international markets impacted sentiments. The India business witnessed de-growth of 3.1% YoY and 2.1% QoQ to Rs 1,793cr while its volume grew by 2% YoY and international market growth was mixed as its grew just by 6% YoY in constant currency and...

Buy Marico Ltd For Taget Rs.666- Religare Broking Ltd

Source: Religare Broking Ltd
2024-01-30 12:04:57 pm

Fast-moving consumer goods (FMCG) company Marico Ltd on Monday said it closed the third quarter of FY24 with a higher consolidated net profit of Rs 386 crore on a lower operational revenue. In a regulatory filing, Marico said for the quarter ended December 31, 2023, it had earned an operational revenue of Rs 2,422 crore (against Q3FY23's Rs 2,470 crore) and a net profit of Rs 386 crore (Rs 333 crore). During the quarter under review, the company’s total expenses went down to R...

Marico logs Rs 386 crore as Q3 PAT

Source: IANS
2024-01-30 10:58:12 am

Buy Marico Ltd For Target Rs.660 - Motilal Oswal Financial Services Ltd

Low single-digit decline in revenue on a YoY basis Please find below the key highlights from Marico (MRCO)’s 3QFY24 prequarterly update: Macro view: Trends remain similar QoQ; new age channels do well * The consumer sector’s demand trends are similar to the last quarter, with urban markets remaining steady and rural showing signs of improvement. * The constraints on liquidity and profitability in the general trade (GT) channel remained an overhang, while alternate chan...

Buy Marico Ltd For Target Rs.660 - Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2024-01-14 03:13:46 pm

Marico is currently trading at Rs. 546.50, up by 6.55 points or 1.21% from its previous closing of Rs. 539.95 on the BSE. The scrip opened at Rs. 542.35 and has touched a high and low of Rs. 549.00 and Rs. 537.65 respectively. So far 29314 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. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 549....

Marico soars on launching new hair oil `Sampoorna` under Parachute Advansed brand

Source: Accord Fintech
2023-12-19 02:08:26 pm

Buy Marico Ltd For Target Rs.640 - Motilal Oswal

Broadly in-line earnings; sales likely to recover in 2H * Marico (MRCO) reported subdued revenue growth in 2QFY24, attributed to domestic price cuts and currency headwinds in the overseas business. A sequential improvement was noted in urban areas, while the rural recovery was slow. The management was optimistic about 2HFY24, citing the festive season, controlled food inflation, and upcoming elections. * Gross margin hit a 26-quarter high of 50.5%, driven by softer input costs. Accordin...

Buy Marico Ltd For Target Rs.640 - Motilal Oswal

Source: Motilal Oswal Financial Services Ltd
2023-11-20 02:16:25 pm

Add Marico Ltd For Taget Rs.625 - Yes Securities

With margins at peak levels, volume recovery becomes crucial hereon Marico Ltd. (Marico’s) 2QFY24 consolidated revenue saw a drop of 0.8% YoY owing to price cuts implemented across categories over last few quarters, stable demand vs 1Q, lower trade inventory, and currency devaluation. Domestic volumes grew by 3% YoY as demand trends in the domestic FMCG sector stayed largely in-line with 1QFY24. While urban sentiment improved sequentially, higher food inflation and patchy rainfall di...

Add Marico Ltd For Taget Rs.625 - Yes Securities

Source: Yes Securities Ltd
2023-11-13 12:57:24 pm

Domestic volume growth in single digit, in-line with expectation: Marico reported marginal de-growth of 0.8% YoY while flat revenue growth sequentially to Rs 2,476cr. The decline in revenue was largely because of drop in prices of its key products in domestic markets and currency headwinds in international markets. Further, the demand trend was largely in-line with management expectation of growing in single digit like last quarter due to slower than expected pace of recovery in the rural are...

Buy Marico Ltd For Taget Rs.666 - Religare Broking Ltd

Source: Religare Broking Ltd
2023-11-02 03:05:17 pm

Buy Marico Ltd For Taget Rs.600 - JM Financial Institutional Securities

Another upgrade to FY24E margin guidance Marico’s Sep-Q earnings were c.2-3% better vs what we were expecting. Topline performance was mostly inline. GPM recovery was again much better, and drove the beat in earnings. Volume trajectory remained soft, though – a sector-wide issue at present, and was due to rural weakness given erratic rainfall patterns in the country, increased competitive activities from smaller players, and inventories being lowered in the general trade channe...

Buy Marico Ltd For Taget Rs.600 - JM Financial Institutional Securities

Source: JM Financial Institutional Securities Ltd
2023-11-02 02:43:04 pm

Marico moves up on reporting 17% rise in Q2 consolidated net profit

Marico is currently trading at Rs. 536.55, up by 4.45 points or 0.84% from its previous closing of Rs. 532.10 on the BSE. The scrip opened at Rs. 528.05 and has touched a high and low of Rs. 540.90 and Rs. 522.10 respectively. So far 39121 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. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 547....

Marico moves up on reporting 17% rise in Q2 consolidated net profit

Source: Accord Fintech
2023-10-31 12:15:52 pm

Buy Marico Ltd For Taget Rs.690 - Motilal Oswal Financial Services

Revenue marginally lower; operating profit grow in low double-digit YoYKey highlights from Marico (MRCO)?s 2QFY24 pre-quarterly updateMacro view: Rising food prices and below-normal rainfall distribution* Demand trends reflected the previous quarter?s patterns, indicating stability in market dynamics. * Rural demand recovery is facing challenges, with rising food prices and uneven rainfall hindering anticipated progress. * There are positive signs for 2HFY24 rural consumption, fueled by ...

Buy Marico Ltd For Taget Rs.690 - Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services Ltd
2023-10-05 03:17:33 pm

Stock Picks : NTPC Ltd And Marico Ltd By ICICI Direct

NTPC Ltd Buy NTPC Ltd @239.00-239.50; Target 243.20; Stop Loss 237.50Marico LtdBuy Marico Ltd @580-581; Target 589.90 ; Stop Loss 576.20Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631

Stock Picks : NTPC Ltd And Marico Ltd By ICICI Direct

Source: ICICI Securities
2023-09-20 10:36:55am

News

Accumulate Marico Limited For Target Rs.678 By Geojit Financial Services Ltd

Buy Marico Ltd For Target Rs. 750 by Yes Securities Ltd

India`s Marico says urban consumption revival to take six months

Buy Marico Ltd For Target Rs.750 By Motilal Oswal Financial Services Ltd

India's Marico beats Q2 profit estimates on price hikes

Marico rises on incorporating wholly-owned subsidiary in USA

Stock of the day : Marico Ltd For Target Rs. 755 - Religare Broking

Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking

Buy Marico Ltd For Target Rs. 750 By Motilal Oswal Financial Services Ltd

Add Marico Ltd For Target Rs 745 By Yes Securities

Marico slips amid concerns of business being affected due to Bangladesh political crisis

India's Marico beats Q1 profit estimates on cooking, hair oil demand

ADD Marico Ltd. For Target Rs. 600 - Emkay Global Financial Services

ADD Marico Ltd. For Target Rs.620 - Yes Securities

Buy Marico Ltd. For Target Rs.625 By Motilal Oswal Financial Services

Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking

Buy Marico Ltd For Target Rs.1,676 - Yes Securities

Buy Marico Ltd For Target Rs. 600 - JM Financial Institutional Securities

Buy Marico Ltd. For Target Rs.668 By Geojit Financial Services Ltd

Add Marico Ltd. For Target Rs. 620 By Yes Securities Ltd.

Marico jumps on reporting 5% rise in Q4 consolidated net profit

Marico posts 5.3 pc rise in q4 net profit, declares dividend of Rs 6.50 per share

Buy Marico Ltd For Target Rs.625 - Motilal Oswal Financial Services Ltd

Buy Marico Ltd For Target Rs.625 - Motilal Oswal Financial Services Ltd

Add Marico Ltd. For Target Rs.605 By Yes Securities Ltd.

Buy Marico Ltd For Target Rs.625 By Motilal Oswal Financial Services Ltd

India`s Marico forecasts revenue growth in Q4 after three quarters of fall, shares up

Dabur India flags sluggish demand in March-quarter; shares drop

Buy Marico Ltd. For Target Rs.615 By JM Financial Services

Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai

Nestle India posts higher Q4 profit on strong urban demand

Buy Marico Ltd For Taget Rs.666- Religare Broking Ltd

Marico logs Rs 386 crore as Q3 PAT

Buy Marico Ltd For Target Rs.660 - Motilal Oswal Financial Services Ltd

Marico soars on launching new hair oil `Sampoorna` under Parachute Advansed brand

Buy Marico Ltd For Target Rs.640 - Motilal Oswal

Add Marico Ltd For Taget Rs.625 - Yes Securities

Buy Marico Ltd For Taget Rs.666 - Religare Broking Ltd

Buy Marico Ltd For Taget Rs.600 - JM Financial Institutional Securities

Marico moves up on reporting 17% rise in Q2 consolidated net profit

Buy Marico Ltd For Taget Rs.690 - Motilal Oswal Financial Services

Stock Picks : NTPC Ltd And Marico Ltd By ICICI Direct