Add Marico, target price Rs 550: ICICI Securities

ICICI Securities has add call on Marico with a target price of Rs 550. The current market price of Marico Ltd. is Rs 509.6. Time period given by analyst is one year when Marico Ltd. price can reach defined target.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 66055.63 Crore) operating in FMCG sector.

Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2575.00 Crore, up 17.85 % from last quarter Total Income of Rs 2185.00 Crore and up .90 % from last year same quarter Total Income of Rs 2552.00 Crore. Company reported net profit after tax of Rs 377.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 59.48 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.16 per cent, DIIs 8.66 per cent.