FMCG giant soars over 9 per cent on strong Q4FY24 performance: Know more here!
The stock has experienced significant buying activity, yielding returns of more than 18 per cent in the last one year.
Today, the shares of Marico Limited zoomed by 9.85 per cent. Furthermore, the scrip witnessed a massive spurt in volume by more than 54.75 times. The company's current market capitalization standing at 75,491.43 crore.
Stock performance:
On Tuesday, the stock opened at Rs 559.35, with the previous closing being Rs 531.05. The 52-week high and low are Rs 595 and Rs 486.75, respectively as per BSE.
Recent Development - Q4FY24 Highlights:
In the fourth quarter of FY24, Marico Limited witnessed a revenue from operations amounting to Rs 2,278 crore, marking a 2 per cent year-on-year increase. The domestic business experienced a 3 per cent underlying volume growth, while the international business saw a noteworthy 10 per cent constant currency growth. Regarding bottom line for the same period, it stood at Rs 320 crore, reflecting a 4.91 per cent increase compared to the previous year's fourth quarter figure of Rs 305 crore.
Segment-wise break down:
In a comprehensive segment-wise analysis, Marico Limited's performance across various business divisions reveals notable trends and strategies for the future.
Starting with the Saffola edible oil segment, the company has stabilized trade channels, anticipating a positive revenue trajectory for FY25. The recent quarter witnessed range advertising, with expectations of stabilizing price hikes by 2QFY25.
Furthermore, in the VAHO segment, Marico faced challenges attributed to lower-end sales, although mid and premium segments exhibited resilience. Despite a tough quarter, gradual improvement is expected in FY25, particularly driven by enhancements in mass BPC categories.
Zooming out to another key segment, that is Parachute. It demonstrated a steady recovery, marked by an improved market share.
In digital portfolio, Marico's brands are making significant strides. Beardo is poised to achieve double-digit EBITDA margin in FY25.
Marico's acquisitions, such as Plix and Beardo, have demonstrated promising traction, supported by strategic expansions in offline and salon channels.
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About the Company:
Marico Limited stands as a prominent player in India's consumer goods sector, specializing in global beauty and wellness products. With a presence in more than 25 countries across Asia and Africa, the company fosters renowned brands spanning hair care, skin care, edible oils, healthy foods, male grooming, and fabric care categories.
Furthermore, the stock has experienced significant buying activity, yielding returns of more than 18 per cent in the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.