Page 6 - Marico

Marico rallies 20% in one month; check key factors behind the sharp up move

With improved macroeconomic indicators, enhanced government spending, a favorable monsoon forecast and moderate retail inflation, the upcoming year holds promise for a gradual uptick in consumption.

Breakout stocks: Dabur, ITC top FMCG picks; can gain up to 13%, charts show

Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.

Volume recovery crucial for Marico's growth in FY25, stock gains

The premium and urban segments continued to outperform rural and mass segments

Marico surges 10%, hits over 7-month high on promising FY25 outlook

The management is optimistic about growth revival in FY25 and expects double-digit revenue growth, driven by healthy volume growth

Marico Q4FY24 results: Net profit up 5% at Rs 318 cr, revenue rises 1.7%

The board of directors of Marico Limited declared a second interim dividend of Rs 6.50 per equity share, the total dividend for the year ended March 31, 2024, amounts to Rs 9.50 per equity share

Q4FY24: Lupin, Godrej Consumer among 54 firms to report results on May 6

Q4 FY24 results today: Marico, Lupin, Gujarat Gas, Godrej Consumer Products, Indian Bank, Happiest Minds Technologies and Route Mobile will announce their fourth quarter and FY24 results on May 7

Marico expects uptick in growth of core categories via ongoing initiatives

Homegrown FMCG major Marico Ltd on Friday said it expects a gradual uptick in the growth of its core categories through ongoing initiatives to enhance the profitability of general trade channel partners and investments towards expansion in footprint across urban and rural outlets over the next couple of years. In its quarterly update on the BSE, Marico said in the fourth quarter of FY24 FMCG demand sentiment stayed consistent vis-a-vis the preceding quarters with trends in urban and rural consumption largely converging. In the fourth quarter consolidated revenue grew in low single digits, moving back into positive territory after three quarters, the company said, adding that it expects a "low double-digit operating profit growth on the back of a healthy expansion in the operating margin". "In Q4, the domestic business posted a slight uptick in volume growth on a sequential basis owing to steadying trends in the majority of the portfolios," the company said. Amidst the backdrop of .

Marico expects revenue growth in Q4 after three quarters of fall, shares up

Consumer goods makers have grappled with subdued sales in rural areas in recent quarters as people cut back spending on both essentials and discretionary items amid price pressures

Marico Q3 results: Profit rises 17% to Rs 383 crore, beats estimate

The consumer goods manufacturer reported a net profit of Rs 383 crore ($46.1 million), up nearly 17% from last year, and surpassing analysts' estimate of Rs 374 crore as per LSEG data

Muted Q3 sales, stock rally limit upsides in Godrej Consumer Products

The company remains optimistic about a gradual uptick in consumption trends over the next calendar year

Marico, Godrej Consumer slip up to 6% post December quarter biz update

Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.

Stocks to Watch: Nykaa, Titan, Adani Wilmar, Marico, Tata Steel, Bajaj Auto

Stocks to Watch on January 8, 2024: Titan's revenue rose 22 per cent YoY in the December quarter (Q3FY24

Marico says Q3 revenue falls in low single digits on weaker rural demand

Marico, which operates in Bangladesh, Vietnam, the Middle East and Africa, also cited significant currency depreciation in select overseas geographies as the key factors behind the drop in revenue

Marico expects revenue growth to come back in H2, says MD & CEO Gupta

Home-grown FMCG major Marico expects revenue growth to come back in the second half of the fiscal and sluggish rural demand to gradually improve, said its Managing Director and CEO Saugata Gupta. It has taken price corrections after softening of inflation in the domestic market in the last two quarters, which has some effects on its revenue growth. However, it has helped it either gain or sustain market share and also increase penetration in some of its portfolio, he added. In the next two quarters, revenue growth of the company would be in line with volume growth, Gupta told PTI. "Revenue growth is expected to move into the positive territory in H2 as pricing deflation in the domestic business steadily tapers off. The company has taken price drops in its core brands as Saffola and Parachute," Gupta added. Last week, Marico, which owns popular brands like Saffola, Parachute, and Livon, reported 17.2 per cent increase in consolidated net profit for September quarter. However, its ..

Stocks to Watch: TVS Motor, RIL, Tata Motors, Marico, DLF, Triveni Eng, P&G

Stocks to watch on October 31, 2023: Reliance Jio has made a contrarian call vis-a-vis competitors by deciding not to raise the 5G tariff, which is currently at the same level as 4G

Marico Q2 results: Net profit rises 17.3% to Rs 353 cr, misses estimates

Marico's net profit rose 17.3% to Rs 353 crore in the July-September quarter, but missed analysts' average estimate of Rs 357 crore, according to LSEG data

Sluggish rural demand, weak volumes dent Marico's stock in second quarter

Revenues in the June quarter (Q1FY24) had declined by 3.2 per cent y-o-y with a subdued performance from the rural segment

Marico cracks 5% after company flags slowdown in Q2 earnings

The company in its pre-quarterly update reported a slight decline in consolidated revenue for the July-September quarter compared to the previous year.

Stocks to Watch today: Marico, OMCs, Sheela Foam, Suryoday SFB, defence

Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services

Marico's revenue to be marginally lower in Q2 due to price corrections

Domestic volume growth in low single-digits