Buy Marico, target price Rs 690: 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: Oct 05, 2023, 09.17 AM IST

Promoters held 59.42 per cent stake in the company as of 30-Jun-2023, while FIIs owned 24.96 per cent, DIIs 10.2 per cent.

Motilal Oswal Financial Services has buy call on Marico Ltd. with a target price of Rs 690. The current market price of Marico Ltd. is Rs 569.75.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 73821.03 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 30-06-2023, the company reported a Consolidated Total Income of Rs 2523.00 Crore, up 9.32 % from last quarter Total Income of Rs 2308.00 Crore and down -2.02 % from last year same quarter Total Income of Rs 2575.00 Crore. Company reported net profit after tax of Rs 436.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.42 per cent stake in the company as of 30-Jun-2023, while FIIs owned 24.96 per cent, DIIs 10.2 per cent.

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