Marico slides after weak Q1 numbers

Marico fell 3.16% to Rs 323 at 14:23 IST on BSE after consolidated net profit fell 11.93% to Rs 235.94 crore on 3.73% decline in total income to Rs 1715.28 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during trading hours today, 1 August 2017.

Meanwhile, the S&P BSE Sensex was up 14.45 points, or 0.04% to 32,529.39.

On the BSE, 5.32 lakh shares were traded in the counter so far, compared with average daily volumes of 1.38 lakh shares in the past one quarter. The stock had hit a high of Rs 335.55 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 316.90 so far during the day. The stock hit a 52-week low of Rs 234.55 on 9 November 2016.

 

The stock had outperformed the market over the past one month till 31 July 2017, rising 6.24% compared with 5.15% rise in the Sensex. The scrip had underperformed the market in past one quarter, rising 4.56% as against Sensex's 8.67% rise. The scrip had outperformed the market in past one year, rising 16.48% as against Sensex's 16.11% rise.

The large-cap company has equity capital of Rs 129.05 crore. Face value per share is Re 1.

Marico is a leading Indian group in consumer products & services in the global beauty and wellness space.

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