Shares of Marico Ltd. traded 0.89% down in Wednesday’s trade at 11:16AM (IST). Around 12,424 shares changed hands on the counter. The scrip opened at Rs 578.35 and touched an intraday high and low of Rs 584.35 and Rs 576.15, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 591.7 and a 52-week low of Rs 462.95. As per BSE, the total market cap of Marico Ltd. stood at Rs 74551.68 crore at the time of writing this report.
The company reported consolidated net sales of Rs 2523.0 crore for the quarter ended 30-Jun-2023, up 9.32% from the previous quarter’s Rs 2308.0 crore and up 2.02% from the year-ago quarter’s Rs 2575.0 crore. The net profit for the latest quarter stood at Rs 427.0 crore, up 15.09% from the same quarter a year ago.
As of 30-Jun-2023, DIIs held 3.29% stake in the company, while foreign institutional investors held 24.96% and the promoters held 59.39%. According to BSE data, the stock traded at a P/E multiple of 54.9 and a price-to-book ratio of 16.29. Marico Ltd. belongs to the Personal Care industry.
