Agencies has add call on Marico with a target price of Rs 550. The current market price of . is Rs 524.25. Time period given by analyst is one year when Ltd. price can reach defined target.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 67755.83 Crore) operating in FMCG sector.
Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2575.00 Crore, up 17.85 % from last quarter Total Income of Rs 2185.00 Crore and up .90 % from last year same quarter Total Income of Rs 2552.00 Crore. Company reported net profit after tax of Rs 377.00 Crore in latest quarter.
Investment Rationale
Marico should also start seeing the benefits of distribution expansion in both urban (chemist channel) and rural. Healthy foods portfolio continues to trend well and is likely to provide another leg to growth (Rs8.5-10bn in FY24). The current weak macro, tough operating conditions (for edible oil) and a not-so-supportive macro (for CNO and VAHO) are near-term concerns. Success in foods and D2C portfolio is exciting. It stays believers – a conducive RM environment will unveil the results of improved execution.
Promoter/FII Holdings
Promoters held 59.48 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.16 per cent, DIIs 8.66 per cent.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 67755.83 Crore) operating in FMCG sector.
Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2575.00 Crore, up 17.85 % from last quarter Total Income of Rs 2185.00 Crore and up .90 % from last year same quarter Total Income of Rs 2552.00 Crore. Company reported net profit after tax of Rs 377.00 Crore in latest quarter.
Investment Rationale
Marico should also start seeing the benefits of distribution expansion in both urban (chemist channel) and rural. Healthy foods portfolio continues to trend well and is likely to provide another leg to growth (Rs8.5-10bn in FY24). The current weak macro, tough operating conditions (for edible oil) and a not-so-supportive macro (for CNO and VAHO) are near-term concerns. Success in foods and D2C portfolio is exciting. It stays believers – a conducive RM environment will unveil the results of improved execution.
Promoter/FII Holdings
Promoters held 59.48 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.16 per cent, DIIs 8.66 per cent.
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