Page 15 - Marico

Top stock ideas by Religare Broking: Buy Marico, Ujjivan Financial Services

Indications are in the favor of marginal consolidation followed by steady rebound ahead for Marico

Top stock picks by CapitalVia Global Research: Buy Marico, ICICI Bank

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Marico slips 6%, hits 52-week low on disappointing December quarter results

In Q3FY20, consolidated revenue from operations declined 2 per cent YoY at Rs 1,824 crore.

Marico reports 5% increase in profit before tax to Rs 358 crore for Dec qtr

Net sales declined 2% to Rs 1, 824 crore versus Rs 1,861 crore

Marico Q3 net profit rises 10% to Rs 276 crore on gross margin expansions

FMCG firm Marico Ltd on Thursday reported a nearly 10 per cent increase in consolidated net profit to Rs 276 crore for the quarter ended December 2019 helped by gross margin expansions. The company had posted a net profit of Rs 251 crore in the October-December quarter a year ago, Marico said in a BSE filing. However, net sales dropped by 1.98 per cent to Rs 1,824 crore during the quarter under review compared to Rs 1,861 crore in the corresponding quarter of the previous fiscal. "Benign input costs in the domestic and Bangladesh businesses led to gross margin expansion of 286 bps on a year- on-year basis. EBITDA margin expanded by 116 bps to 20.4 per cent," said Marico in a post earning statement. Commenting on the results, Marico MD & CEO Saugata Gupta said, The Company witnessed a muted quarter in the India business as channel partners grappled with liquidity constraints and consumption trends failed to bring any cheer." "However, relative offtake growth trends and market share

Nifty outlook and top stock picks by CapitalVia Global Research: Buy Marico

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Brand persuasion: How firms lean on influencers to rope in loyal customers

With brands of all sizes, and across categories, leaning heavily on influencers, the world of online persuaders is in for a makeover

Marico falls 4% in two days on concerns over volume growth in Q3

In Q3FY20 update, Marico said the India business as a whole posted a marginal decline in volume growth, due to a decline in coconut oil, hair oils and other portfolios.

Neighbourhood shops more affected than retails in consumption slump: Marico

The economic growth slowdown is a "reality" but all should keep a forward-looking approach to come out of it, he told PTI

Nifty outlook and top trading ideas by CapitalVia Global Research Limited

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Correction in Marico stock an opportunity for long-term investors

Analysts say, price cuts and benign copra prices would improve performance in March quarter, while international business too provides support

Top two trading ideas by Prabhudas Lilladher: Buy Marico, M&M Finance

Market at this level will witness stock specific movement with trend of all periodicities continuing to be positive

Ashok Leyland inducts Marico chief and former JCB India MD into Board

Saugata Gupta of Marico to be independent director, while Vipin Sondhi, formerly of JCB, will join Hinduja Group's leadership team

Marico fails to maintain volume growth in Q2 on poor offtake; stock down 6%

Stock tanks on flat top line in the September quarter, even as benign copra prices save the day, leading to a 16 per cent rise in pre-tax profit

Marico declines 7% as consumption slowdown hits domestic biz in Q2

"The company had a soft second quarter in the face of a challenging liquidity and consumption environment in the domestic market, the management said

Little hope of volume recovery in second quarter from pricey FMCG firms

Analysts estimate low single-digit volume growth, the lowest since June 2017 quarter; companies will need to clock double-digit volume growth in second half to touch FY19 levels

Near-term investor sentiment may not be high on Marico's slow Q2 growth

While the company may lower its FY20 volume growth guidance amid muted offtake in September quarter, benign copra prices should push up profit margins

It's important to reinvent yourself every decade: Marico founder Mariwala

Marico has evolved from a two-product company into a diversified consumer goods player

Biscuits to soaps, slowdown pain for FMCG companies comes in small packs

Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown

Marico hits new high, gains 10% thus far in August on strong Q1 results

The company aims for a volume growth of 8-10 per cent and a topline growth of 13-15 per cent, subject to inflation, over the medium term.