Marico share price: Add Marico, target price Rs 545: HDFC Securities

HDFC Securities has add call on with a target price of Rs 545. The current market price of Marico is Rs 522.65. Time period given by analyst is one year when Marico price can reach defined target.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 66164.32 Crore) operating in FMCG sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2552.00 Crore, up 25.04 % from last quarter Total Income of Rs 2041.00 Crore and up 31.28 % from last year same quarter Total Income of Rs 1944.00 Crore. Company reported net profit after tax of Rs 365.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.6 per cent stake in the company as of March 31, 2021, while FIIs held 24.1 per cent, DIIs 10 per cent and public and others 6.3 per cent.