Marico shares down 1.39% as Nifty drops

NEW DELHI: Shares of Marico Ltd. traded 1.39 per cent down in Thursday's trade at 12:56PM (IST). Around 9,479 shares changed hands on the counter.

The counter opened at Rs 504.0 and touched an intraday high and low of Rs 504.05 and Rs 495.55, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 554.05 and a 52-week low of Rs 468.65.

Total market cap of the Marico Ltd. stood at Rs 64133.76 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2515.0 crore for the quarter ended 30-Sep-2022, down 2.33 per cent from previous quarter's Rs 2575.0 crore and down 2.91 per cent from the year-ago quarter's Rs 2444.0 crore.

The net profit for latest quarter stood at Rs 301.0 crore, down 2.59 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, DIIs held 2.88 per cent stake in the company, while foreign institutional investors held 25.07 per cent and the promoters 59.48 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 52.01 and a price-to-book ratio of 19.41. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Marico Ltd. belongs to the Personal Care industry.