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Marico Plunges 4%; BSE FMCG Index Up 0.5%
Tue, 6 Aug 10:46

Marico Plunges 4%; BSE FMCG Index Up 0.5%Image source: Sefa Ozel/www.istockphoto.com

Marico share price has plunged 4% and is presently trading at Rs 647.1.

Meanwhile, the BSE FMCG index is at 22,333.1 (up 0.5%).

Among the top losers in the BSE FMCG index today are GODREJ AGROVET (down 0.5%) and VST Industries (down 0.4%).

Ruchi Soya Industries (up 5.1%) and JYOTHY LABS (up 3.7%) are among the top gainers today.

Over the last one year, Marico has moved up from Rs 562.9 to Rs 647.1, registering a gain of Rs 84.2 (up 15.0%).

On the other hand, the BSE FMCG index has moved up from 18,868.9 to 22,333.1, registering a gain of 18.4% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were BOM.BURMAH (up 104.8%), Godfrey Phillips (up 97.7%) and JYOTHY LABS (up 75.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,156.7 (up 0.5%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.1%) and JSW Steel (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,155.9 (up 0.4%). Tech Mahindra and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,156.7, registering a gain of 13,373.9 points (up 20.3%).

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 54.4.

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