Page 10 - Marico

Muted Q1 may cap upsides in Marico stock as leading brands underperform

The underperformance for the owner of Parachute and Saffola brands could continue as the June quarter operational performance for the India market was below expectations

5 technical reasons to sell Marico, Dabur and buy Hindustan Unilever

Shares of Hindustan Unilever are exhibiting a major breakout, whereas Dabur India and Marico are not exhibiting much of a promise on the charts.

Marico's India business volume declines in mid-single-digits in Q1

The company's Parachute coconut oil also recorded a marginal volume decline in the quarter

Marico reports mid-single-digit volume decline in domestic mkt in Apr-Jun

Marico reported a volume decline "in mid-single digits" in its India business, as the sector continued to witness "tepid demand" as rising retail inflation exerted pressure on the share of wallet

Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants

Stocks to Watch Today: Shares of metal companies are also to be in focus as copper prices fell to 17-month lows amid new COVID restrictions in China, slowing global manufacturing activity and a jump i

Marico acquires 54% stake in breakfast & snacks brand True Elements

FMCG major Marico on Monday said it has acquired a majority 54 per cent stake in the digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount.

Marico chief Harsh Mariwala is the EY Entrepreneur of the Year

Mariwala will represent India at the EY World Entrepreneur of the Year Award to be held in June

Uncertain growth outlook may be a drag on Marico in the near term

Stable price outlook for inputs such as copra, however, is a positive

Uncertain growth outlook across key categories may be a drag on Marico

However, some brokerages are cautious about growth trends though the company is better placed than peers on the raw material front

Marico Q4 net profit rises 13.2% to Rs 257 cr; revenue up by 7.4%

FMCG firm Marico Ltd on Thursday reported a 13.21% rise in consolidated net profit to Rs 257 crore for the fourth quarter ended March 2022.

Marico expects low single-digit growth in India revenue in Q4 FY22

FMCG major Marico said its domestic business in the January-March quarter stayed relatively firm, helped by "low single-digit" revenue growth and marginally positive volumes.

Marico better placed than peers on costs amid commodity surge

Lower copra costs and price cuts to aid volumes and margins

Entrepreneurs to take country to higher growth, prosperity: Marico chairman

Entrepreneurs will lead the country to higher growth and prosperity, Marico Chairman Harsh Mariwala opined and suggested businesses to adopt a transformative 'digital approach' for sustainable growth.

Here is a derivative strategy on Marico by Nandish Shah of HDFC Securities

The stock price of Marico has broken out from the flag pattern on the daily chart

Marico Ltd plans to achieve net-zero emissions in global operations by 2040

The company will introduce multiple sustainability initiatives across its global operations with a view of curbing greenhouse gas (GHG) emissions and promoting a carbon-neutral business agenda

Marico's Q3 net profit rises 1.6% to Rs 317 cr; sales jumps 13.4%

Marico's total expenses in the December 2021 quarter stood at Rs 2,022 crore, up 15.4% as against Rs 1,752 crore a year ago

Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100

For the week, the Sensex and the Nifty indices are down 3% each

Are FMCG companies staring at a stock-price correction?

Marico shares dropped 3% following a tepid Q3 update. High inflation and poor demand led to its muted growth. And this could be a sector-wide phenomenon. Should investors turn away from FMCG players?

Weak Q3 may keep Marico's stock under pressure, muted consumption weighs

Brokerages are however positive on medium term growth outlook for core and new areas

Marico dips 3% in firm market after December quarter business update

The personal products maker said that its revenue growth was in double digits in the October-December quarter (Q3), but its volume growth is expected to be flat.