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Marico Plunges 3%; BSE FMCG Index Down 0.1%
Wed, 24 Jul 9:54

Marico Plunges 3%; BSE FMCG Index Down 0.1%Image source: Nikada/www.istockphoto.com

Marico share price has plunged 3% and is presently trading at Rs 654.0.

Meanwhile, the BSE FMCG index is at 22,532.2 (down 0.1%).

Among the top losers in the BSE FMCG index today are Dabur (down 4.3%) and Godrej Consumer (down 3.0%).

AVANTI FEEDS (up 7.5%) and Shree Renuka Sugars (up 4.5%) are among the top gainers today.

Over the last one year, Marico has moved up from Rs 535.0 to Rs 654.0, registering a gain of Rs 119.0 (up 22.2%).

On the other hand, the BSE FMCG index has moved up from 18,998.8 to 22,532.2, registering a gain of 18.6% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 156.0%), JYOTHY LABS (up 115.3%) and BOM.BURMAH (up 93.9%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,190.2 (down 0.3%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 2.7%) and Bajaj Finance (down 2.3%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,375.4 (down 0.4%). Hindustan Unilever and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,190.2, registering a gain of 13,805.4 points (up 20.8%).

Marico Financial Update...

Marico net profit grew 4.9% YoY to Rs 3,200 million for the quarter ended March 2024, compared to a profit of Rs 3,050 million a year ago. Net sales rose 1.7% to Rs 22,780 million during the period as against Rs 22,400 million in January-March 2023.

For the year ended March 2024, Marico reported 13.6% increase in net profit to Rs 15,020 million compared to net profit of Rs 13,220 million during FY23. Revenue of the company fell 1.1% to Rs 96,530 million during FY24.

The current Price to earnings ratio of Marico, based on rolling 12 month earnings, stands at 56.4.

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