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Marico Plunges 3%; BSE FMCG Index Down 0.8%
Tue, 2 Jul 13:15

Marico Plunges 3%; BSE FMCG Index Down 0.8%Image source: ipopba/www.istockphoto.com

Marico share price has plunged 3% and is presently trading at Rs 604.2.

Meanwhile, the BSE FMCG index is at 20,564.7 (down 0.8%).

Among the top losers in the BSE FMCG index today are Ruchi Soya Industries (down 3.9%) and E.I.D. Parry (down 2.5%).

GODREJ AGROVET (up 8.1%) and JYOTHY LABS (up 3.8%) are among the top gainers today.

Over the last one year, Marico has moved up from Rs 522.8 to Rs 604.2, registering a gain of Rs 81.5 (up 15.6%).

On the other hand, the BSE FMCG index has moved up from 18,595.4 to 20,564.7, registering a gain of 10.6% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 159.5%), JYOTHY LABS (up 121.9%) and BOM.BURMAH (up 98.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,319.8 (down 0.2%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,089.9 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,319.8, registering a gain of 15,404.3 points (up 24.1%).

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 2023, Marico reported 5.3% increase in net profit to Rs 13,220 million compared to net profit of Rs 12,550 million during FY22. Revenue of the company grew 2.6% to Rs 97,640 million during FY23.

The current Price to earnings ratio of Marico, based on rolling 12 month earnings, stands at 52.1.

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