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Marico Gains 3%; BSE FMCG Index Up 0.7%
Tue, 26 Nov 14:50

Marico Gains 3%; BSE FMCG Index Up 0.7%Image source: DNY59/www.istockphoto.com

Marico share price has zoomed 3% and is presently trading at Rs 628.5.

Meanwhile, the BSE FMCG index is at 21,130.1 (up 0.7%).

Among the top gainers in the BSE FMCG index today are Shree Renuka Sugars (up 4.4%) and Balrampur Chini (up 4.1%).

Emami (down 4.1%) and Gillette India (down 3.3%) are among the top losers today.

Over the last one year, Marico has moved up from Rs 532.3 to Rs 628.5, registering a gain of Rs 96.2 (up 18.1%).

On the other hand, the BSE FMCG index has moved up from 19,049.7 to 21,130.1, registering a gain of 10.9% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 182.7%), E.I.D. Parry (up 74.9%) and BOM.BURMAH (up 72.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,085.8 .

The top losers among the BSE Sensex today are Ultratech Cement (down 2.8%) and MUNDRA PORT & SEZ (down 2.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,223.5 . Shriram Transport and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 80,085.8, registering a gain of 14,062.5 points (up 21.3%).

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 50.5.


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