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Marico Limited (MARICO.NS)
| Previous close | 506.40 |
| Open | 503.85 |
| Bid | 504.80 x 0 |
| Ask | 504.90 x 0 |
| Day's range | 502.50 - 508.00 |
| 52-week range | 470.45 - 595.00 |
| Volume | |
| Avg. volume | 1,613,672 |
| Market cap | 655.057B |
| Beta (5Y monthly) | 0.15 |
| PE ratio (TTM) | 44.52 |
| EPS (TTM) | 11.34 |
| Earnings date | 06 May 2024 |
| Forward dividend & yield | 9.50 (1.87%) |
| Ex-dividend date | 06 Mar 2024 |
| 1y target est | 576.63 |
- Reuters
India's Marico forecasts revenue growth in Q4 after three quarters of fall, shares up
Indian consumer goods manufacturer Marico expects revenue growth in the March quarter after logging three straight quarters of fall, as demand for fast-moving consumer goods stayed consistent compared to the previous quarters, it said on Friday. The company said it eyed revenue growth as a percentage in the low-single digits and added that it expected consolidated revenue growth to trend upwards in the upcoming quarters. Consumer goods makers have grappled with subdued sales in rural areas in recent quarters as people cut back spending on both essentials and discretionary items amid price pressures.
- Reuters
India's Marico, Adani Wilmar say Q3 revenue down on lower demand, prices
BENGALURU (Reuters) -Indian consumer companies Marico and Adani Wilmar on Friday said revenue in the third quarter ended Dec. 31 fell from a year ago due to lower demand and selling prices. While Marico said its revenue declined in the low single digits on weaker rural demand, Adani Wilmar said its revenue fell 15%, impacted by lower pricing of edible oils. Marico, which makes personal care products such as Parachute coconut oil, said its domestic volumes grew in low single digits from a year ago.
- Reuters
India's Marico misses profit estimates as rural demand drags
India's Marico reported quarterly earnings below market expectations on Monday, as the consumer products maker failed to spur demand in the inflation-stung rural centres. Marico's net profit rose 17.3% to 3.53 billion rupees ($42.4 million) in the July-September quarter, but missed analysts' average estimate of 3.57 billion rupees, according to LSEG data. Demand for branded goods is yet to bounce back in India's hinterlands due to rising food prices and below-normal rainfall although lower copra and vegetable oil prices have allowed Marico and rival Adani Wilmar to slash prices.
