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Marico Gains 6%; BSE FMCG Index Up 1.0%
Mon, 8 Jul 9:59

Marico Gains 6%; BSE FMCG Index Up 1.0%Image source: Eoneren/www.istockphoto.com

Marico share price has zoomed 6% and is presently trading at Rs 652.2.

Meanwhile, the BSE FMCG index is at 21,140.7 (up 1.0%).

Among the top gainers in the BSE FMCG index today are Dabur (up 3.9%) and Tata Coffee (up 3.6%).

Zydus Wellness (down 1.8%) and RADICO KHAITAN (down 1.4%) are among the top losers today.

Over the last one year, Marico has moved up from Rs 526.6 to Rs 652.2, registering a gain of Rs 125.6 (up 23.9%).

On the other hand, the BSE FMCG index has moved up from 18,935.5 to 21,140.7, registering a gain of 11.6% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 153.6%), JYOTHY LABS (up 104.7%) and BOM.BURMAH (up 100.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,852.0 (down 0.2%).

The top losers among the BSE Sensex today are Titan (down 3.9%) and Asian Paints (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,276.6 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,852.0, registering a gain of 14,372.9 points (up 22.0%).

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 56.2.

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