Marico shares down 2.7% as Nifty drops

Marico shares down 2.7% as Nifty drops
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Synopsis

A total of 59,278 shares changed hands on the counter till 11:52AM (IST).

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India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
NEW DELHI: Shares of Marico Ltd. traded 2.7 per cent down in Monday's trade at 11:52AM (IST). Around 59,278 shares changed hands on the counter.

The counter opened at Rs 494.4 and touched an intraday high and low of Rs 496.25 and Rs 482.85, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 606.0 and a 52-week low of Rs 379.05.

Total market cap of the Marico Ltd. stood at Rs 63190.26 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2429.0 crore for the quarter ended 31-Dec-2021, down 0.61 per cent from previous quarter's Rs 2444.0 crore and down 13.19 per cent from the year-ago quarter's Rs 2146.0 crore.

The net profit for latest quarter stood at Rs 310.0 crore, up 0.98 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 2.64 per cent stake in the firm, while foreign institutional investors held 25.55 per cent and the promoters 59.51 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 52.92 and a price-to-book ratio of 16.38. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Marico Ltd. belongs to the Personal Care industry.

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