Sun. Jul 21st, 2024

NEW DELHI: Shares of Marico Ltd. traded 0.29 per cent up in Tuesday’s trade at 12:07PM (IST). Around 3,250 shares changed hands on the counter.

The counter opened at Rs 523.7 and touched an intraday high and low of Rs 526.45 and Rs 521.8, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 595.0 and a 52-week low of Rs 462.95.

Total market cap of the Marico Ltd. stood at Rs 67939.69 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 2514.0 crore for the quarter ended 30-Sep-2023, down 0.36 per cent from previous quarter’s Rs 2523.0 crore and down 0.04 per cent from the year-ago quarter’s Rs 2515.0 crore.

The net profit for latest quarter stood at Rs 353.0 crore, up 17.28 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2023, domestic institutional investors held 2.99 per cent stake in the company, while foreign institutional investors held 25.91 per cent and the promoters 59.4 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 48.18 and a price-to-book ratio of 16.29. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Marico Ltd. belongs to the Personal Care industry.

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