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Marico Ltd share Price Today

Company details

607.00
623.95
486.30
667.20
6M Return 18.25%
1Y Return 18.19%
Mkt Cap.(Cr) 80,629.03
Volume 1,626,740
Div Yield 1.52%
OI
-
OI Chg %
-
Volume 1,626,740

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High growth foods, digital, PC to dominate growth…
About The Stock

    Marico is one of the major FMCG companies present in hair oil, edible oil, foods & personal care segment. Major brands include Parachute, Saffola, Nihar, Hair & Care, Set Wet, Livon & Beardo.

    • Marico has an overall distribution network of more than 5.6 million outlets and direct reach of ~1 million outlets. Through its stockist network, it reaches 59000 villages
    • With high gross margins of 45-50%, the company is able to spend 8-9% of its sales for advertisements to support new categories & products
Q4FY23 Results

    Marico posted 3.7% sales growth; domestic volumes up 5%   

    • Sales growth was led by 9.8% growth in international business
    • EBITDA was at ₹ 393 crore, up 13.6% YoY, margins at 17.5% (up 153 bps)
    • Consequently, PAT was at ₹304.9 crore, growth of 18.7%

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Personal products company Marico announced Q4FY24 results:

Financial Highlights:

  • In Q4FY24, Revenue from Operations was at Rs 2,278 crore, up 2% YoY, with underlying volume growth of 3% in the domestic business and constant currency growth of 10% in the international business.
  • Domestic revenue was flattish at Rs 1,680 crore, as pricing corrections in key portfolios anniversarized to a larger extent on a sequential basis.
  • Gross margin expanded by 420 bps YoY, owing to softer input costs and favourable portfolio mix.
  • A&P spends was up 8% YoY.
  • EBITDA margin stood at 19.4%, up 186 bps YoY and EBITDA grew by 12%. PAT was up 14%, as the impact of lower Other Income was offset by lower tax charge.
  • Parachute Rigids registered 2% volume growth.
  • Value-Added Hair Oils declined 7% in value terms on a high base (13% growth in Q4FY23) amidst persistent sluggishness in the bottom of the pyramid segment.
  • Saffola Edible Oils registered mid-single digit volume growth.
  • Foods logged 24% value growth YoY, closing the year at ~4x of its scale in FY20.
  • Bangladesh registered 8% CCG (constant currency growth)
  • South-East Asia was flat in CC terms, amidst slower HPC demand in Vietnam. 
  • South Africa registered 13% CCG driven by the ethnic hair care segment. NCD and Exports posted 34% growth.

Saugata Gupta, MD & CEO, commented, “We have closed FY24 on a promising note, delivering our highest-ever annual operating margin with sequential improvement in both the domestic and international businesses. In the domestic business, we expect a gradually improving growth trajectory in the core categories through ongoing initiatives to enhance GT channel partner profitability and transformative expansion in direct reach via Project SETU, while we aggressively drive the profitable scale up of Foods and Digital-first brands. As the Bangladesh business regained its momentum, the ramp up in the MENA and South Africa businesses has visibly strengthened the growth construct of the International business. We will aim to deliver healthy revenue-led earnings growth in the near and medium term, aided by the positively evolving operating environment.”

Result PDF

View Other Company Results

Marico Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (1)

  • Declining Revenue every quarter for the past 3 quarters

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 629.0
R2 635.0
R3 646.0
Pivot

618.00

S1 612.1
S2 601.1
S3 595.1
EMA SMA
616.9
589.1
565.4
549.6
621.0
579.1
547.1
545.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE RBOS PLC AS DEP OF FIRST ST GEM SUS FDA SF OF FIST INICVC Block Purchase 2023-07-17 539.45 312075 NSE
THE RBOS PLC AS DEP OF FIRST ST GEM LE FDA SFD OF FIST INICVC Block Purchase 2023-07-17 539.45 113681 NSE
THE RBOS PLC AS DEP OF FIRST ST GE MT FDA SFD OF FIST IN ICVC Block Sell 2023-07-17 539.45 312075 NSE
Name Category Shares
Harsh C Mariwala with Kishore V Mariwala for Aquarius Family Trust PROMOTER 11.12%
Harsh C Mariwala with Kishore V Mariwala for Valentine Family Trust PROMOTER 11.12%
Harsh C Mariwala with Kishore V Mariwala for Taurus Family Trust PROMOTER 11.12%
Harsh C Mariwala with Kishore V Mariwala for Gemini Family Trust PROMOTER 11.12%
Rajvi H Mariwala PROMOTER 2.2%
Harsh C Mariwala PROMOTER 2.17%
Rishabh H Mariwala PROMOTER 1.93%
Ravindra.K.Mariwala PROMOTER 1.73%
Archana H Mariwala PROMOTER 1.31%
Anjali R Mariwala PROMOTER 1.1%
Paula R Mariwala PROMOTER 0.96%
Rajen K Mariwala PROMOTER 0.59%
Sharrp Ventures Capital Private Limited (Formerly 'The Bombay Oil Private Limited') PROMOTER 1.41%

OUR RESEARCH VIEW

Investment recommendation
High growth foods, digital, PC to dominate growth…
Call Date
06 May 2023
Entry Price 494.00
Target Price 570.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Marico Ltd Stocks COMPARISON

Financials( in Cr) Marico Ltd Patanjali Foods Ltd Adani Wilmar Ltd Gujarat Ambuja Exports Ltd Gokul Agro Resources Ltd
Price 623.05 1,459.90 336.65 140.36 176.65
% Change 2.17 -0.44 -0.56 -0.60 9.37
Mcap Cr 80,629.03 52,847.65 43,753.69 6,437.91 2,606.35
Revenue TTM Cr 11,024.00 31,524.66 51,261.63 4,908.99 10,739.81
Net Profit TTM Cr 1,322.00 886.44 170.64 330.10 132.41
PE TTM 54.47 68.92 275.90 18.62 19.22
1 Year Return 18.19 23.88 -19.56 12.80 63.26
ROCE 42.07 13.16 9.18 17.83 28.15
ROE 36.99 11.07 2.19 14.50 23.63
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,799.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49
Marico launches Saffola Muesli

Jun 24, 2024 l BSE Announcement

Marico Limited - Press Release

Jun 24, 2024 l NSE Announcement

Marico Limited - Allotment of Securities

Jun 18, 2024 l NSE Announcement

Date Action Type Ratio
Mar 06, 2024 Dividend 650
Nov 07, 2023 Dividend 300
Mar 08, 2023 Dividend 450

Marico Ltd Information

Stock PE (TTM)
54.47
Promoter Holding
59.35%
Book Value
29.6087
ROCE
42.07%
ROE
36.99%
Description
  • Marico Ltd is in the FMCG sector with the Market Capitalization of worth Rs. 67,675.24 crores, it is incorporated in the year 1990. It has reported consolidated sales of Rs. 2525.0 crores in June’2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 531642 and listed in the National Stock Exchange (NSE) with the code MARICO.

    Marico Ltd, one of India’s leading consumer goods suppliers, provides its customers with health, beauty, and wellness products and services. Its headquarter is situated in Mumbai, and it also has eight manufacturing units around the country located in Pondicherry, Perundurai, Kanjikode, Jalgaon, Paldhi, Dehradun, Baddi, and Paonta Sahib. Marico is present in around 25 countries across two continents, Asia and Africa. It is believed that Marico touches the life of every third Indian through its brands such as Parachute, Saffola, Hair and Care, Nihar naturals Mediker, etc. Harsh Mariwala is the chairman of Marico Ltd and Saugata Gupta is the Managing Director and Chief Executive Officer of this company. The promoters of the company own 59.61% of the stake in the company, Foreign Institutional Investors (FII) own 24.98%, Domestic Institutional Investors (DII) own 9.66% of the stake, and others (such as public and retail investors) hold the balance of 5.75%.

    In June 2021, quarterly net revenue was Rs. 2,043.0 crores, which has increased by approximately 34.76 % from Rs. 1,516.0 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 263.0 crores, which has seen an increase by nearly 3.14% from a net profit of Rs. 255.0 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1787.0 crores, which is also increased by 38.21% as compared to an operating profit of Rs. 1,293.0 crores for the quarter ending in June 2020. From Rs. 1.87 in June 2020, the EPS of Marico Ltd has increased and reached Rs. 2.04 per share in June 2021. Marico’s stock closed at Rs. 520.45 on 17th August’2021 (NSE) and has returned 25.88% in the last six months and 41.64% in the previous year.

Registered Address

7th Floor Grande Palladium, 175 CST Rd Kalina Santacruz(E), Mumbai, Maharashtra, 400098

Tel : 91-022-66480480
Email : investor:marico.com
Website : http://www.marico.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 531642
NSE Code : MARICO
Book Closure Date (Month) :
BSE Group : A
ISIN : INE196A01026

FAQ’s on Marico Ltd Shares

You can buy Marico Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Marico Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:58 PM the closing price of Marico Ltd was Rs.623.05.

The latest PE ratio of Marico Ltd as of Jun 24, 2024 03:58 PM is 54.47

The latest PB ratio of Marico Ltd as of Jun 24, 2024 03:58 PM is 0.05

The 52-week high of Marico Ltd share price is Rs. 667.20 while the 52-week low is Rs. 486.30

According to analyst recommendations, Marico Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:58 PM, the market cap of Marico Ltd stood at Rs. 80,629.03 Cr.

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