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Marico Plunges 3%; BSE FMCG Index Down 2.6%
Thu, 24 Oct 13:23

Marico Plunges 3%; BSE FMCG Index Down 2.6%Image source: KanawatTH/www.istockphoto.com

Marico share price has plunged 3% and is presently trading at Rs 635.8.

Meanwhile, the BSE FMCG index is at 21,316.6 (down 2.6%).

Among the top losers in the BSE FMCG index today are Hindustan Unilever (down 6.4%) and Nestle (down 4.2%).

BOM.BURMAH (up 5.9%) and JYOTHY LABS (up 2.4%) are among the top gainers today.

Over the last one year, Marico has moved up from Rs 537.0 to Rs 635.8, registering a gain of Rs 98.8 (up 18.4%).

On the other hand, the BSE FMCG index has moved up from 18,541.7 to 21,316.6, registering a gain of 15.0% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 224.2%), BOM.BURMAH (up 100.7%) and RADICO KHAITAN (up 92.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,064.6 .

The top losers among the BSE Sensex today are Hindustan Unilever (down 6.4%) and Nestle (down 4.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,401.9 (down 0.1%). Hindustan Unilever and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,064.6, registering a gain of 15,492.7 points (up 24.0%).

Marico Financial Update...

Marico net profit grew 8.7% YoY to Rs 4,740 million for the quarter ended June 2024, compared to a profit of Rs 4,360 million a year ago. Net sales rose 6.7% to Rs 26,430 million during the period as against Rs 24,770 million in April-June 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 53.5.

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