Time period given by analyst is one year when Marico Ltd. price can reach defined target.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 72653.55 Crore) operating in FMCG sector.
Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2021.
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.
Investment Rationale
The brokerage expects consolidated sales growth of 20.6% to Rs 2399.3 crore led by domestic growth of 22.6% & international business growth of 13.5%. VAHO segment volume has grown in double digits whereas Saffola brand saw muted growth on high base & volatility in commodity prices. Foods & digital brands are continuing the high growth momentum in Q2 as well. The broekrage believes the high growth is also driven by high pricing growth taken in previous quarter to pass on steep commodity price inflation. It estimates 300 bps gross margin contraction & subsequently 70 bps operating margins dip. We estimate PAT growth of 23.8% to Rs 337.9 crore.
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.
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