Buy Marico, target price Rs 660: Motilal Oswal

Motilal Oswal has buy call on Marico Ltd. with a target price of Rs 660. The current market price of Marico Ltd. is Rs 524.75.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 67797.39 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 30-09-2023, the company reported a Consolidated Total Income of Rs 2514 Crore, down -.36 % from last quarter Total Income of Rs 2523.00 Crore and down -.04 % from last year same quarter Total Income of Rs 2515.00 Crore. Company reported net profit after tax of Rs 360.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.4 per cent stake in the company as of 30-Sep-2023, while FIIs owned 25.91 per cent, DIIs 9.5 per cent.