|
28 Sep 2025 |
Marico
|
Consensus Share Price Target
|
698.35 |
795.33 |
- |
13.89 |
buy
|
|
|
|
|
26 Sep 2024
|
Marico
|
BOB Capital Markets Ltd.
|
698.35
|
532.00
|
693.60
(0.68%)
|
|
Sell
|
|
|
Marico Bangladesh's 1QFY25 DPS of BDT100 was recorded on 25 Aug'24. This equates to ~30% of MB's cash/share on balance sheet
|
|
11 Sep 2024
|
Marico
|
Sharekhan
|
698.35
|
821.00
|
680.45
(2.63%)
|
|
Buy
|
|
|
We re-iterate a Buy on Marico with a revised PT of Rs. 821. Stock trades at 52x, 45x and 39x its FY25E, FY26E and FY27E earnings, respectively with near to medium-term growth prospects intact.
|
|
30 Aug 2024
|
Marico
|
BOB Capital Markets Ltd.
|
698.35
|
|
647.15
(7.91%)
|
|
|
|
|
Similar to Marico, Indian power companies along with global MNCs are facing increased challenges in cash transfers from Bangladesh
|
|
06 Aug 2024
|
Marico
|
BOB Capital Markets Ltd.
|
698.35
|
713.00
|
628.50
(11.11%)
|
Target met |
Hold
|
|
|
Compared to consensus, sales were in line and EBITDA 1% higher. Volumes were +4%, an acceleration vs +2% in the Mar'24 quarter
|
|
06 Aug 2024
|
Marico
|
BOB Capital Markets Ltd.
|
698.35
|
532.00
|
628.50
(11.11%)
|
|
Sell
|
|
|
Marico Bangladesh (MB), operating in Household and Personal Care, accounts for 11% of MRCO's consolidated sales
|
|
05 Aug 2024
|
Marico
|
ICICI Securities Limited
|
698.35
|
780.00
|
672.15
(3.90%)
|
|
Buy
|
|
|
Marico continues to be on track to execute its stated objectives of increasing direct distribution by 50% by FY27 (Phase 1 initiated in 6 states) and accelerate growth in diversified portfolio.
|
|
06 Jul 2024
|
Marico
|
Emkay
|
698.35
|
630.00
|
615.35
(13.49%)
|
Target met |
Sell
|
|
|
We note that Marico’s thrust on enhancing its fundamentals is well captured by
the market. Renewed focus on distribution expansion, portfolio enrichment, and
enhancing margin is encouraging. However, valuations at FY26E P/E of 43x
capture the positives.
|
|
15 May 2024
|
Marico
|
Geojit BNP Paribas
|
698.35
|
668.00
|
591.60
(18.04%)
|
Target met |
Buy
|
|
|
|
|
09 May 2024
|
Marico
|
BOB Capital Markets Ltd.
|
698.35
|
668.00
|
581.35
(20.13%)
|
Target met |
Buy
|
|
|
Stable performance in domestic markets with consistent improvement in gross margins
|
|
06 May 2024
|
Marico
|
Sharekhan
|
698.35
|
620.00
|
530.30
(31.69%)
|
Target met |
Buy
|
|
|
Marico’s soft performance in Q4FY2024 was largely in line with expectation with revenues growing by 2% (volume growth of 3%) while EBIDTA margins improved by 186 bps y-o-y to 19.4% resulting in 13% y-o-y growth in PAT.
|