Hold Marico, target price Rs 543: Prabhudas Lilladher

Prabhudas Lilladher has hold call on Marico with a target price of Rs 543. The current market price of Marico Ltd. is Rs 504.15.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 65300.82 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-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2515.00 Crore, down -2.33 % from last quarter Total Income of Rs 2575.00 Crore and up 2.91 % from last year same quarter Total Income of Rs 2444.00 Crore. Company reported net profit after tax of Rs 307.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 59.48 per cent stake in the company as of 30-Sep-2022, while FIIs owned 25.16 per cent, DIIs 9.71 per cent.