Marico share price: Add Marico, target price Rs 600: HDFC Securities

HDFC Securities has add call on with a target price of Rs 600. The current market price of Marico Ltd. is Rs 585.5.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 75339.64 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.

Promoter/FII Holdings
Promoters held 59.61 per cent stake in the company as of 30-Jun-2021, while FIIs owned 24.98 per cent, DIIs 9.57 per cent.

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