Marico Ltd.

NSE: MARICO | BSE: 531642 | ISIN: INE196A01026 |Industry: Personal Products
|Expensive Performer
Durability score
45 /100
Valuation score
8.5 /100
Momentum score
49.1 /100
Market Capitalizati...
43,638.9 Cr.
AVG Broker Target
406.1
PE TTM Price to Ear...
47.9
Marico Ltd.    
08 Feb 2019
338.05
-0.65%
buy
Geojit BNP Paribas
global beauty and wellness space. Marico has extensive portfolio spanning hair care, skin care, edible oils, health foods, male grooming, and fabric care. Marico enjoys leadership position in 90% of its portfolio. As of FY18, International business accounted 22% of revenue. Domestic sales accounts for 78% of sales with Parachute rigid packs contributing 36% of sales, VAHO 26%...
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Number of FIIs/FPIs holding stock rose by 20 to 620 in Dec 2018 qtr.
Marico Ltd.    
06 Feb 2019
338.05
-0.65%
HDFC Securities
We value Marico based on P/E of 35x Dec-20 with TP of Rs 394. Maintain BUY. Marico delivered a mixed bag with beat in revenue growth and miss on gross margins. Net revenues grew by 15% (exp of 13%) with volume growth of 6% (exp. 6%). The co. benefited from softening of copra prices (-23% YoY, -12% QoQ) but wasnt able to expand GM owing to volatile prices of other commodities. Maricos GM pressure was the least in 3Q vs. HUL, Dabur and Emami. EBITDA/APAT grew by 16/12% (exp 23/20%)
Number of FIIs/FPIs holding stock rose by 20 to 620 in Dec 2018 qtr.
Marico Ltd.    
06 Feb 2019
338.05
-0.65%
buy
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research India business volumes witnessed muted growth of 5% YoY largely due to weakness in Saffola, non-core coconut oil and low end VAHO portfolio. Value growth of 12.8% for Q3FY19 was driven by price hike taken in Parachute portfolio to counter surge in copra prices over the last year. Parachute, VAHO and Saffola witnessed YoY volume growth of 9%, 7% and 2%, respectively While copra prices have corrected more than 23% YoY, inflation in...
Marico Ltd. has an average target of 406.13 from 8 brokers.
Marico Ltd.    
05 Feb 2019
338.05
-0.65%
Motilal Oswal
Domestic revenue increased ~13% YoY, with 5% volume growth. EBITDA grew 15.8% YoY to INR3.5b (in-line). Adj. PAT increased 12.7% YoY to INR2.5b (in-line). However, EBITDA margin expenses (-20bp YoY to 8.8% of sales) and other expenditure (-50bp YoY to 12.2%), partly offset by higher staff costs (+20bp YoY to 6.5%).
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Number of FIIs/FPIs holding stock rose by 20 to 620 in Dec 2018 qtr.
Marico Ltd.    
10 Jan 2019
338.05
-0.65%
Prabhudas Lilladhar
We downgrade our rating from BUY to Accumulate given 1) 28% jump in stock price since our upgrade and 2) rising probability that Copra price decline in the current down cycle will be far lower than previous occasions....
Marico Ltd. has an average target of 406.13 from 8 brokers.
Marico Ltd.    
03 Jan 2019
338.05
-0.65%
Motilal Oswal
Overall demand environment was good in 3QFY19 with market share gains across key portfolios. The positive sentiment during the quarter was led by festive season and expectations of a stimulus from Government initiatives.
Marico Ltd. has an average target of 406.13 from 8 brokers.
Marico Ltd.    
14 Dec 2018
338.05
-0.65%
Motilal Oswal
Over the past few years, one of the disappointments investors harbored for Marico was regarding the subdued performance of its new launches. Except for Saffola Masala oats (launched over six years ago) none of the new launches have contributed significantly to the sales growth. However, over the past 18 months, Marico has pulled up its socks and now has a strong product pipeline with a few initial successes. We recently met Marico's management to understand reasons for the new improved pipeline and to gauge the company???s growth targets, going forward
Marico Ltd. is trading below it's 30 day SMA of 344.0
Marico Ltd.    
30 Nov 2018
338.05
-0.65%
buy
Sharekhan
Stock price run-up by 14% in one month; Margins to enhance in the coming quarters on account of receding copra prices: The stock price of Marico has moved up by ~14% in the past one month due to positive commentary by management on demand environment and margin improvement due to declining copra prices. Despite the recent run-up, the stock is...
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Marico Ltd. is trading below it's 30 day SMA of 344.0
Marico Ltd.    
02 Nov 2018
338.05
-0.65%
HDFC Securities
We value Marico based on P/E of 35x Sep-20 with TP of Rs 380. Maintain BUY. Marico reported a commendable quarter with a beat in revenue and EBITDA growth. Net revenues grew by 20% YoY to Rs 18.4bn (exp. 12%). Volume growth of 6% (exp. 6%) is healthy given steep price hike and disruptions in CSD channel (7% vol. ex-CSD). Gross margin pressure decelerated in-line with our expectations.
Marico Ltd. is trading below it's 30 day SMA of 344.0
Marico Ltd.    
02 Nov 2018
338.05
-0.65%
buy
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research India business volumes witnessed tepid growth of 6% YoY largely due to a significant decline in canteen stores department (CSD) sales. Volume growth ex-CSD was 7%. Value growth of 19.6% for Q2FY19 was driven by 25% price hike taken in Parachute portfolio to counter input cost inflation. Parachute, VAHO and Saffola witnessed YoY volume growth of 8%, 5% and 5%, respectively While copra prices corrected by more than 11% YoY, consumption...
Marico Ltd. is trading below it's 30 day SMA of 344.0