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Marico Gains 7%; BSE FMCG Index Up 0.1%
Wed, 30 Oct 9:19

Marico Gains 7%; BSE FMCG Index Up 0.1%Image source: DNY59/www.istockphoto.com

Marico share price has zoomed 7% and is presently trading at Rs 670.0.

Meanwhile, the BSE FMCG index is at 21,578.0 (up 0.1%).

Among the top gainers in the BSE FMCG index today are P&G Hygiene (up 3.2%) and Zydus Wellness (up 2.2%).

GODREJ AGROVET (down 2.0%) and Gujarat Ambuja (down 1.2%) are among the top losers today.

Over the last one year, Marico has moved up from Rs 532.1 to Rs 670.0, registering a gain of Rs 137.9 (up 25.9%).

On the other hand, the BSE FMCG index has moved up from 18,495.5 to 21,578.0, registering a gain of 16.7% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 182.1%), BOM.BURMAH (up 93.6%) and RADICO KHAITAN (up 78.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,237.9 (down 0.2%).

The top losers among the BSE Sensex today are Tata Steel (down 1.1%) and ICICI Bank (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,371.5 (down 0.4%). Cipla and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,237.9, registering a gain of 16,125.2 points (up 25.2%).

Marico Financial Update...

Marico net profit grew 20.3% YoY to Rs 4,330 million for the quarter ended September 2024, compared to a profit of Rs 3,600 million a year ago. Net sales rose 7.6% to Rs 26,640 million during the period as against Rs 24,760 million in July-September 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 53.8.


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