Share price of Marico jumps as Sensex gains 231.7 points

Share price of Marico Ltd. gained 1.21 per cent to Rs 534.8 at 10:41AM (IST) in Friday's trade. The stock hit a high of Rs 538.2 and low of Rs 528.4 so far during the session. The stock had closed at Rs 528.4 in the previous session.

The counter had a total traded volume of 10:41AM shares so far with a turnover of Rs 1.02 crore on BSE. The stock traded at a price-to-earnings multiple of 53.11 and a price-to-book ratio of 16.29.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 59.42 per cent stake in the company as of 31-Mar-2023, while foreign investors and domestic institutional investors ownership stood at 24.97 per cent and 9.87 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2308.0 crore for the quarter ended 31-Mar-2023, down 8.05 per cent from the previous quarter's Rs 2510.0 crore and down 5.63 per cent from the year-ago quarter's Rs 2185.0 crore.

Its profit for the latest quarter stood at Rs 302.0 crore, up 20.32 per cent from the same quarter a year ago.