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Marico Plunges 3%; BSE FMCG Index Down 0.2%
Wed, 12 Jun 13:43

Marico share price has plunged 3% and is presently trading at Rs 627.4.

Meanwhile, the BSE FMCG index is at 20,810.4 (down 0.2%).

Among the top losers in the BSE FMCG index today are Gujarat Ambuja (down 1.8%) and Godrej Consumer (down 1.5%).

Tata Coffee (up 3.6%) and Balrampur Chini (up 3.0%) are among the top gainers today.

Over the last one year, Marico has moved up from Rs 538.0 to Rs 627.4, registering a gain of Rs 89.4 (up 16.6%).

On the other hand, the BSE FMCG index has moved up from 18,180.2 to 20,810.4, registering a gain of 14.5% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 128.5%), JYOTHY LABS (up 115.3%) and Emami (up 91.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,915.5 (up 0.6%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.0%) and Bajaj Finance (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,416.8 (up 0.7%). Coal India and Power Grid Corp. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,915.5, registering a gain of 14,190.8 points (up 22.6%).

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 54.1.

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