.

follow-on-google-news

Shares of Marico Limited traded in the red today with a closing price of Rs 467.90. The stock hit its 52-week low figure today at a price of Rs 466.55. The scrip witnessed a downfall of around 2.5 percent as compared to the previous closing price of Rs 480.10. 

Such movements in the stock prices are observed amid weaker trends experienced in the broader markets. The BSE FMCG Index stands at Rs 16,735, down around 0.2 percent. 

Marico, through a regulatory filing with the exchange, gave updates on the Q4 operations. It said that the consolidated revenue grew in single digits during Q4 FY22-23 as compared to the same period last year. 

In addition to the above, it also mentioned that the India business witnessed improvements by way of growth in volumes during Q4 FY22-23 as compared to the previous quarters. International Business operations of the company maintained a good pace as they posted constant currency growth. 

Marico Limited is a Beauty and Wellness products company based in India. The company is present across the Asian and African markets. ‘Cosmetic’ products offered by the company include male grooming, skincare, hair-care, health foods, and fabric care. 

Locally, the company has a portfolio of brands sold in the Indian markets such as Saffola, Hair & Care, Parachute, Livon, Set Wet, etc. 

Having a quick walkthrough of the financials, the revenues and net profits moved in opposing directions with revenues marginally moving down from Rs 2,496 crores in Q2 to Rs 2,470 crores in Q3 and net profit figures, on the other hand, moved up slightly from Rs 307 crores in Q2 to Rs 333 crores in Q3. 

A similar kind of pattern is observed in the ROE and ROCE movements with ROE marginally moving down from 38.62 percent in FY20-21 to 38.43 percent in FY21-22 and ROCE moving up from 44.79 percent in FY20-21 to 45.03 percent in FY21-22. 

The company has been successful in reducing its debt-to-equity ratio for three consecutive financial years with the most recent movement being a marginal movement from 0.11 in FY20-21 to 0.10 in FY21-22. 

Written by Amit Madnani

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

×