Buy Marico, target price Rs 625: Motilal Oswal

Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Apr 02, 2024, 09.30 AM IST

Promoters held 59.39 per cent stake in the company as of 31-Dec-2023, while FIIs owned 25.69 per cent, DIIs 9.62 per cent.

Motilal Oswal has buy call on Marico with a target price of Rs 625. The current market price of Marico Ltd. is Rs 498.4.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 64149.18 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 31-12-2023, the company reported a Consolidated Total Income of Rs 2465.00 Crore, down -1.95 % from last quarter Total Income of Rs 2514.00 Crore and down -1.79 % from last year same quarter Total Income of Rs 2510.00 Crore. Company reported net profit after tax of Rs 386.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.39 per cent stake in the company as of 31-Dec-2023, while FIIs owned 25.69 per cent, DIIs 9.62 per cent.

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