Improving growth outlook in international, Saffola and Parachute, margin headwinds temporary; stock at 33x poised for a re‐rating
* Quarter highlights‐ 9% re..
Buy Marico Ltd For Target Rs.390 - HDFC Securities
Onset of Covid-19 has impacted the consumption in India, however, the government has announ..
MARICO added around 3% in open interest addition as long buildup was seen in it in till closing time. Current chart pattern also indicates further up ..
In the FMCG space, Marico reverted sharply in the current leg of the Nifty compared to other stocks. In the past few months, open interest in the stock has ..
Marico Q2 update - Positive volume trends
* Marico’s quarterly update indicated strong revival in India business with robust volume growth. Parachute clocked gro..
Domestic remains weak; beat on margins
Marico posted a mixed set of numbers as revenue declined 11% YoY due to weak domestic performance. Domestic revenue/EBIT decline..
Positive on growth recovery
* Marico’s performance was largely in line, with 11% sales decline and 1-3% EBITDA/PAT growth. India business declined 15%, with ste..
Significant beat on expectations, outlook improving
Brief overview of results and stock
* Marico (MRCO) reported a beat on all fronts, barring volumes, in 1QFY21 ..
Mixed performance; expect steady recovery ahead
Marico Ltd (Marico) reported mixed set of numbers for Q1FY21, wherein its revenue de-grew by 11% YoY to Rs 1,925cr lar..
The company reported standalone net profit of Rs 255.00 crore for the quarter ended June 30, 2020 as compared to Rs 251.00 crore in the same period last year, registering..
Jigsaw falling in place
Rarely do we find instances of all engines firing at the same time (in absolute or relative terms). As of now, Marico is one such example. We ..
Resilient portfolio; inexpensive valuations
With the COVID-19 crisis having impacted nearly every industry, we were interested in learning about the strategies being a..
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