Marico
Marico shares hit new high, jumps over 3% after FMCG firm announces to acquire 60% stake in Apcos Naturals' Just Herbs
Thu, Jul 15, 2021
The shares of Marico hit a new 52-week high on Thursday to Rs 549.5 after surging for over 3 per cent on the BSE intraday trade, as the FMCG (Fast Moving Consumer Goods) company announces acquisition of 60 per cent in Apcos Naturals, which owns a brand called ‘Just Herbs’.
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FMCG companies see double-digit sales growth in April-June quarter amid pandemic
Tue, Jul 06, 2021
Leading FMCG companies in the country are expecting their sales growth numbers in high double-digit in the April-June quarter, a period when the broader market was severely impacted by the second wave of the COVID-19 pandemic.
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Brokerages post mixed sentiment on THIS FMCG stock as company releases quarterly update — check price target here
Mon, Jul 05, 2021
On the back of its quarterly update, the brokerages posted a mixed stance for the Marico, as Goldman Sachs maintained a Neutral call while Citi has suggested to Buy the FMCG stock.
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Marico share price surges, hits new high as brokerage revises target price of stock
Tue, Jun 29, 2021
As a brokerage revises its target for this FMCG (Fast Moving Consumer Goods) stock, the shares of Marico soared almost five per cent to touch a new life high of Rs 533.1 per share on the BSE intraday trade today.
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Credit Suisse bullish on THIS mid-cap FMCG stock – check revised price target here
Tue, Jun 29, 2021
Being bullish on this FMCG stock, brokerage firm Credit Suisse expects Marico to be showstopper amongst the peers with an opportunity of growth amid rising revenues. The brokerage gave a buy call for the stock by revising the price target to Rs 600 apiece from Rs 490 per share earlier.
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Marico share price hits 10% UPPER CIRCUIT today; Kotak says BUY, target price Rs 465
Mon, May 03, 2021
Marico share price today: Kotak Institutional Equities says that Marico’s 4Q growth print (India volume/value up 25%/35% yoy; 2-yr CAGR at 10%/12%) was robust even after factoring benefit of some planned normalization of historical skew in 4Q and 1Q revenues. The core portfolio– CNO, VAHO and Saffola – has started displaying resilience and a food portfolio, led by oats and supported by new launches, is driving a fresh promise
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Marico Share price: Firing on all cylinders II IDBI Capital says accumulate with target of Rs 435
Fri, Jan 29, 2021
Marico’s Q3 FY21 result was in line with estimates. Strong recovery is witnessed across all categories (essential and discretionary). Food portfolio grew fastest (+74%YoY) followed by VAHO (+21%YoY) and Saffola (+17%YoY). Parachute reported volume growth of 8% YoY, ahead of the company’s medium term aspiration of 5-7%. Traditional trade and e-com continued to outperform while modern trade reached pre-Covid level.
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Marico share price: Company cruises on big booster shot from modern trade, e-commerce to general trade
Tue, Jan 05, 2021
Marico's India business delivered a strong performance with double-digit volume growth. Marico Revenue growth was in tandem with volume growth. Parachute Coconut Oil delivered ahead of its medium-term aspiration. Saffola Edible Oils continued its growth momentum, delivering double-digit volume growth. Value Added Hair Oils also exhibited strength with a broad based sharp recovery across sub segments leading to overall double-digit growth for the category. Marico's Foods portfolio continued to witness exponential growth in line with the near-term aspiration, backed by strong performance in both the base foods and the new product launches.
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Marico Share Price: Growth momentum to sustain, VAHO, Parachute, Saffola in spotlight | Highlights by Sharekhan
Wed, Dec 16, 2020
Gross margin to be stressed as copra prices have risen 11-13% YTD while those of other edible oils are up by over 20%; Lower promotional spends and cost savings would ease pressure on profitability. Scaling up of foods and male grooming product segments, expansion of product portfolio, improving penetration of existing products and wider offerings in Bangladesh and South East Asia remain key focus to improve growth in the medium term.
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Stocks to buy today: In chat with Anil Singhvi, Sanjiv Bhasin picks Shree Cement, Marico, says mid cap story only getting better
Tue, Jul 21, 2020
Sanjiv Bhasin, who is the Director of IIFL Securities said that his two calls for Tuesday are Buy calls. The first is Shree Cement. He puts the stop loss at Rs 22,400 while the target price is between Rs 23,250 and Rs 23,500. The stock is currently trading around Rs 22,733
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Atmanirbhar Bharat can be created by having confidence in indigenous technology: Raghunath Mashelkar
Mon, Jun 01, 2020
Just as we are the Marico Innovation Foundation and that's why innovation is very important for us. I usually say that ‘I in India should not stand for imitation or immigration but it should stand for Innovation.’ And in the process, we looked at what is innovation in it and what is new and unique in it, Secondly, it is being done for India that’s why we also looked at affordability and quality/excellence. It should be scalable and sustainable.
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Doubling Purchases will create Artificial Demand and create situational shortage: Harsh Mariwala, Marico
Wed, Apr 01, 2020
Harsh Mariwala, Chairman, Marico Limited, talks about the Innovate2BeatCOVID challenge, ways to deal with the pandemic, how to use to lockdown period in the best way and why panic has created shortage in supply among others during an exclusive talk with Swati Khandelwal, Zee Business
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How to become a crorepati fast? Amid Coronavirus lockdown, do this and you are set to be rich
Tue, Mar 31, 2020
Fast Moving Consumer Goods (FMCG) major Marico has announced that the company will reward those individuals or companies who develop innovative health solutions amid the coronavirus health scare. The company will give any such person as much as Rs 2.5 crore!
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Marico will post double-digit constant currency growth for rest of FY20: Vivek Karve, CFO
Wed, Aug 07, 2019
Parachute coconut oil growth has been very good in the first quarter of fiscal 2020, says Vivek Karve, Chief Financial Officer, Marico Limited. During an interview with Abhishek Satya Vratam, Zee Business, Mr Karve said, the benefit of copra prices decline has been passed on to consumers in a tactical way.
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Apollo Tyres, IOCL to Tata Power: Which shares should you invest in?
Fri, Aug 02, 2019
JM Financial said Marico’s Q1FY20 report was expectedly strong - domestic volumes grew 6 percent and was again led by Parachute rigid packs while Saffola’s performance is likely to continue raising question marks on the brand’s value proposition.
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Marico Q4 net zooms over two-folds to Rs 405 cr
Mon, May 06, 2019
The company had reported a net profit of Rs 183 crore in the corresponding period of fiscal 2017-18. Revenue from operations rose to Rs 1,609 crore for the March quarter, as compared with Rs 1,503 crore in the same period of 2017-18, Marico said in a regulatory filing.
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