Buy Marico, target price Rs 625: Motilal Oswal

Motilal Oswal has buy call on Marico with a target price of Rs 625. The current market price of Marico Ltd. is Rs 531.05.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 68723.28 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-2023.



Financials
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 2293.00 Crore, down -6.98 % from last quarter Total Income of Rs 2465.00 Crore and down -.65 % from last year same quarter Total Income of Rs 2308.00 Crore. Company has reported net profit after tax of Rs 320.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.35 per cent stake in the company as of 31-Mar-2024, while FIIs owned 25.55 per cent, DIIs 9.78 per cent.