PTIMotilal Oswal has buy call on Marico Ltd. with a target price of Rs 470. The current market price of Marico Ltd. is Rs 416.9.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 53579.62 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1989.00 Crore, up 3.32 % from last quarter Sales of Rs 1925.00 Crore and up 8.75 % from last year same quarter Sales of Rs 1829.00 Crore. Company reported net profit after tax of Rs 273.00 Crore in latest quarter.
Investment Rationale
While material costs may see a mild inflation, the company is well placed to offset it through price increases and cost optimization. Valuations at 36.2x FY23E EPS appear comfortable for a business that has better earnings visibility over
peers.
Promoter/FII Holdings
Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 53579.62 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1989.00 Crore, up 3.32 % from last quarter Sales of Rs 1925.00 Crore and up 8.75 % from last year same quarter Sales of Rs 1829.00 Crore. Company reported net profit after tax of Rs 273.00 Crore in latest quarter.
Investment Rationale
While material costs may see a mild inflation, the company is well placed to offset it through price increases and cost optimization. Valuations at 36.2x FY23E EPS appear comfortable for a business that has better earnings visibility over
peers.
Promoter/FII Holdings
Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.
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