Marico | CMP: Rs 515 | The stock ended in the green after the FMCG firm stated that during the quarter ended December 31, 2022, its consolidated revenue grew in low single-digit on a year-on-year (YoY) basis due to a muted recovery in rural demand amid elevated inflation.

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Nirmal Bang has come out with its third quarter (October-December’ 23) earnings estimates for the FMCG sector. The brokerage house expects Marico to report net profit at Rs 314.6 crore up 1.5% year-on-year (up 4.5% quarter-on-quarter).

Net Sales are expected to increase by 3.1 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs 2,481.9 crore, according to Nirmal Bang..

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.4 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs 454.2 crore.

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Nirmal_FMCG

Marico Q3 PAT seen up 1.5% YoY to Rs 314.6 cr: Nirmal Bang

Net Sales are expected to increase by 3.1 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs 2,481.9 crore, according to Nirmal Bang.

Marico | CMP: Rs 515 | The stock ended in the green after the FMCG firm stated that during the quarter ended December 31, 2022, its consolidated revenue grew in low single-digit on a year-on-year (YoY) basis due to a muted recovery in rural demand amid elevated inflation.