Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 48796.21 Crore) operating in FMCG sector.
By ETMarkets.com | Updated:
PTI
Promoters held 59.6 per cent stake in the company as of June 30, 2020, while FIIs held 23.8 per cent, DIIs 10 per cent and public and others 6.6 per cent.
Motilal Oswal has given a buy rating to Marico with a target price of Rs 440. The share price moved up by 0.13 per cent from its previous close of Rs 376.85. The stock’s last traded price is Rs 377.35.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 48796.21 Crore) operating in FMCG sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1925.00 Crore, up 28.68 % from last quarter Sales of Rs 1496.00 Crore and down -11.13 % from last year same quarter Sales of Rs 2166.00 Crore. Company reported net profit after tax of Rs 390.00 Crore in latest quarter.
Investment Rationale Outlook for the international business is getting better. Furthermore, while material costs may see mild inflation, the company is well placed to offset it through higher growth and cost optimization. Valuations at 38.6x FY22E EPS appear comfortable for a business that has better earnings visibility over peers. Promoter/FII Holdings Promoters held 59.6 per cent stake in the company as of June 30, 2020, while FIIs held 23.8 per cent, DIIs 10 per cent and public and others 6.6 per cent.
