Marico shares down 1.08% as Nifty gains

NEW DELHI: Shares of Marico Ltd. traded 1.08 per cent down in Monday's trade at 01:16PM (IST). Around 24,100 shares changed hands on the counter.

The stock opened at Rs 509.1 and touched an intraday high and low of Rs 512.0 and Rs 502.35, 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 455.8.

Total market cap of the Marico Ltd. stood at Rs 65145.67 crore at the time of writing this report.

Key Financials
The company reported consolidated 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 same quarter a year ago.

Shareholding pattern
As of 30-Sep-2022, DIIs held 2.91 per cent stake in the firm, while foreign institutional investors held 25.16 per cent and the promoters 59.48 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 52.84 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.