Marico Ltd

(MARICO)

Marico Ltd Shares Show Slight Increase - 21 Nov, 2024

Marico Ltd shares rose 0.19% to Rs 589.80, with a 52-week high of Rs 719.80. The company reported consolidated sales of Rs 2746 crore for Q2 FY2024, up 2.46% quarter-on-quarter and 9.23% year-on-year. However, MACD indicates a bearish bias.

Marico Reports Profit Growth Amid Downgrade - 20 Nov, 2024

Marico's Q2 profit rose 20.27% to ₹433 crore, but Geojit downgraded the stock to Accumulate, citing rising input costs and international uncertainties.

Marico Downgraded to Accumulate with Target Price - 19 Nov, 2024

Marico Limited's Q2FY25 revenue rose 7.6% YoY to Rs. 2,664cr, with profit after tax up 20.3% YoY. However, rising input costs and international uncertainties led Geojit Financial Services to downgrade the stock rating to ACCUMULATE, setting a target price of Rs. 678.

Marico Anticipates Food Inflation Moderation - 18 Nov, 2024

Marico expects food inflation to moderate in the next two quarters, aiding urban consumption. The company aims for double-digit growth in FY25 while managing rising input costs through strategic pricing adjustments.

Marico Projects Double-Digit Growth Amid Inflation - 17 Nov, 2024

Marico expects double-digit revenue growth in the second half of FY25, driven by moderating food inflation and improved urban consumption. The company has already raised prices for its Saffola range and anticipates similar actions from competitors due to rising raw material costs.

Marico Launches Project SETU for Growth - 15 Nov, 2024

Marico Ltd has launched Project SETU aimed at improving profitability for its general trade partners and expanding its direct market reach over the next three years.

CLSA Forecasts Impact on Marico from Market Trends - 13 Nov, 2024

According to CLSA, companies in the sector may surpass $78 billion in gross orders, potentially affecting major players like Marico and Hindustan Unilever.

Marico Aims for Growth in Men's Grooming Sector - 07 Nov, 2024

Marico, having acquired Beardo, aims for double-digit EBITDA margins for the brand and its men's grooming line by FY27, emphasizing a digital-first approach.

Delhi High Court Rules in Favor of Marico Limited - 06 Nov, 2024

The Delhi High Court has restrained Alpino Health Foods from disparaging 'OATS' in advertisements following a suit by Marico Limited, which claimed generic disparagement of oats. The court issued an ad-interim injunction against Alpino's campaign, which targeted oats negatively. The case is scheduled for a hearing on March 19, 2025.

Marico Q2FY2025 Performance and Outlook - 31 Oct, 2024

Marico's Q2FY2025 results met expectations with 8% revenue growth. Management anticipates improved volume growth and double-digit revenue growth in H2, despite input cost pressures. The stock has corrected 12% recently, and Sharekhan maintains a Buy rating with a target price of Rs 780.

Marico Reports Strong Q2 Growth Amid Challenges - 30 Oct, 2024

Marico Ltd. reported a 20% YoY increase in net profit for Q2FY25, reaching ₹433 crore, with revenue growth of 7.4%. The company remains optimistic about future growth despite industry challenges, driven by price hikes and strong performance in premium segments.

Marico Reports Strong Q2 Results, Profit Up 20% - 29 Oct, 2024

Marico Ltd announced a 20% increase in consolidated net profit to Rs 433 crore for Q2 2024, with revenue rising to Rs 2,664 crore. The results exceeded analyst expectations, reflecting robust domestic and international performance despite a slight decline in margins.

FMCG Sales Slowdown Affects Marico Ltd - 28 Oct, 2024

Marico Ltd, along with Hindustan Unilever and Nestle, reports a slowdown in FMCG sales in general trade compared to digital channels, attributed to liquidity constraints and changing consumer preferences.