Marico Ltd is up for a third straight session in a row. The stock is quoting at Rs 640.65, up 1.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 24574.6. The Sensex is at 81357.24, down 0.21%. Marico Ltd has risen around 7.28% in last one month. Meanwhile, Nifty FMCG index of which Marico Ltd is a constituent, has risen around 0.59% in last one month and is currently quoting at 56766.8, down 0.8% on the day. The volume in the stock stood at 20.28 lakh shares today, compared to the daily average of 26.16 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 637.25, up 0.53% on the day. Marico Ltd is up 18.68% in last one year as compared to a 17.43% spurt in NIFTY and a 3.87% spurt in the Nifty FMCG index.The PE of the stock is 60.55 based on TTM earnings ending September 24.Powered by Capital Market - Live

Marico has allotted 24,844 equity shares under ESOP on 11 December 2024. With this allotment, the paid up equity share capital has increased to 1,29,52,18,647 equity shares of Re. 1 each aggregating to Rs. 1,29,52,18,647/-. Powered by Capital Market - Live

Marico has allotted 34,640 equity shares under ESOP on 03 December 2024. With this allotment, the paid up equity share capital of the company has increased to 1,29,51,93,803 equity shares of Re. 1 each aggregating to Rs. 1,29,51,93,803/']Powered by Capital Market - Live

Marico Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 646.4, up 2.87% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 24290.25. The Sensex is at 80298.8, up 0.37%. Marico Ltd has added around 1.96% in last one month. Meanwhile, Nifty FMCG index of which Marico Ltd is a constituent, has added around 2.38% in last one month and is currently quoting at 57838.25, up 0.01% on the day. The volume in the stock stood at 23.32 lakh shares today, compared to the daily average of 28.15 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 646.95, up 3.03% on the day. Marico Ltd is up 23.09% in last one year as compared to a 22.12% gain in NIFTY and a 10.2% gain in the Nifty FMCG index.The PE of the stock is 60.15 based on TTM earnings ending September 24.Powered by Capital Market - Live

Marico has allotted 3,25,110 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016. Consequent to the aforesaid allotments, the paid-up share capital of the Company has increased to 1,29,51,59,163 equity shares of Re. 1 each aggregating to Rs.1,29,51,59,163. Powered by Capital Market - Live

Marico has allotted 45,100 equity shares under ESOP on 05 November 2024. With this allotment, the paid up equity share capital has increased to 1,29,47,87,823 equity shares of Re. 1 each aggregating to Rs. 1,29,47,87,823/-. Powered by Capital Market - Live

The domestic equity indices traded with limited losses in early trade. The Nifty traded below the 24,400 level. Media, auto and FMCG shares advanced while pharma, consumer durables and financial services shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, was down 292.10 points or 0.36% to 80,075.51. The Nifty 50 index lost 87.95 points or 0.36% to 24,380.35. In the broader market, the S&P BSE Mid-Cap index shed 0.15% and the S&P BSE Small-Cap index added 0.79%. The market breadth was positive. On the BSE, 1,465 shares rose and 1,1038 shares fell. A total of 113 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 548.69 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 730.13 crore in the Indian equity market on 29 October 2024, provisional data showed. Economy: The Indian diaspora's confidence in the Indian economy has soared, as evidenced by the significant increase in Non-Resident Indian (NRI) deposits. According to the Reserve Bank of India's (RBI) latest monthly bulletin, inflows into NRI deposit schemes surged to $7.82 billion in the period of April-August 2024, more than double the $3.74 billion recorded in the same period last year. Both dollar-denominated (FCNR(B)) and rupee-denominated (NRE(RA)) deposits witnessed substantial growth. Among the various NRI deposit schemes, Foreign Currency Non-Resident (FCNR) deposits witnessed the highest inflow, attracting $3.47 billion during the period, compared to $1.55 billion in the corresponding period a year ago. These deposits, denominated in foreign currencies, offer security against currency fluctuations and provide attractive returns. Non-Resident External (NRE) deposits, which are rupee-denominated accounts, also saw a significant increase, with inflows of $2.51 billion during this period, compared to an inflow of $868 million in the corresponding period a year ago. Non-Resident Ordinary (NRO) deposits, which are also rupee-denominated, also saw inflows worth $1.84 billion from April'August, 2024, compared to $1.32 billion during the same period a year ago. This surge can be attributed to factors such as attractive returns in Indian markets, strong economic fundamentals, and a more stable domestic monetary policy environment compared to many global economies. With total outstanding NRI deposits reaching $158.94 billion as of August 2024, the Indian diaspora's continued trust in the country's economic prospects is evident. Stocks in Spotlight: Marico jumped 6.33% after the company reported 19.83% increase in consolidated net profit to Rs 423 crore in Q2 FY25 as compared with Rs 353 crore posted in Q2 FY24. Revenue from operations increased 7.59% YoY to Rs 2,664 crore in Q2 FY25, with underlying volume growth of 5% in the domestic business and constant currency growth of 13% in the international business. Star Health and Allied Insurance declined 4.15% after the company's standalone net profit declined 11% to Rs 111 crore in Q2 FY25 as compared with Rs 125 crore in Q2 FY24. Net premium jumped 16% YoY to Rs 3,704 crore during the quarter. Motisons Jewellers added 1.53% after the company's standalone net profit surged 100% to Rs 10 crore on 21.11% increase in revenue from operations to Rs 109 crore in Q2 FY25 over Q2 FY24. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 0.04% to 7.048 as compared with previous close 7.045. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 82.9250, compared with its close of 82.9600 during the previous trading session. MCX Gold futures for 5 April 2024 settlement rose 0.28% to Rs 79,455. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 104.30. The United States 10-year bond yield shed 0.63% to 4.248. In the commodities market, Brent crude for April 2024 settlement added 37 cents or 0.52% to $71.49 a barrel. Global Markets: Asian stocks fell on Wednesday as risk appetite was quashed by anticipation of a tight U.S. presidential election and a barrage of key economic readings this week. Japanese markets remained the outliers, extending recent gains as heightened political uncertainty in the country fueled more bets that the Bank of Japan will not raise interest rates further. In the US, indices marked a mixed close on Tuesday, as investors piled into technology stocks, but avoided most other sectors. The NASDAQ Composite rose 0.8% to a record-high close of 18,717.58 points, while the S&P 500 rose 0.2% to 5,832.92 points. But the Dow Jones Industrial Average lagged, falling 0.4% to 42,233.05 points. Sentiment was underpinned by strong earnings from Alphabet Inc. Tech majors Meta Platforms Inc and Microsoft Corporation are set to report on Wednesday, while Amazon.com Inc and Apple Inc are due on Thursday. A slew of key U.S. economic readings are also due in the coming days, while the Federal Reserve is set to meet next week. Third-quarter gross domestic product data is due on Thursday, while PCE price index data- the Federal Reserve's preferred inflation gauge- and nonfarm payrolls data are due on Friday. The three readings are likely to factor into the outlook for interest rates, and come before a Fed meeting next week where the central bank is widely expected to cut rates by a smaller 25 basis points.Powered by Capital Market - Live

Marico Ltd rose 7.05% today to trade at Rs 673.15. The BSE Fast Moving Consumer Goods index is up 0.31% to quote at 21645.22. The index is down 9.01 % over last one month. Among the other constituents of the index, Cupid Ltd increased 1.4% and Sula Vineyards Ltd added 1.15% on the day. The BSE Fast Moving Consumer Goods index went up 16.89 % over last one year compared to the 25.35% surge in benchmark SENSEX. Marico Ltd has lost 3.33% over last one month compared to 9.01% fall in BSE Fast Moving Consumer Goods index and 5.02% drop in the SENSEX. On the BSE, 36520 shares were traded in the counter so far compared with average daily volumes of 36159 shares in the past one month. The stock hit a record high of Rs 719.8 on 03 Oct 2024. The stock hit a 52-week low of Rs 486.75 on 19 Mar 2024.Powered by Capital Market - Live

Securities in F&O Ban: DFC First Bank, IndiaMart Intermesh, L&T Finance, Manappuram Finance, PNB, RBL Bank. Result Today: Larsen & Toubro ., Tata Power, the New India Assurance Co, Aditya Birla Capital, Procter & Gamble Hygiene & Health Care, Biocon, Dabur India, DCM Shriram, Electrosteel Castings, Grindwell Norton, Indraprastha Medical Corp, IRB Infrastructure Developers , Shalby , Sterlite Technologies , TCI Express, TTK Prestige, and Vardhman Textiles will declare their result later today. Stock to Watch: Marico reported 19.83% increase in consolidated net profit to Rs 423 crore in Q2 FY25 as compared with Rs 353 crore posted in Q2 FY24. Revenue from operations increased 7.59% YoY to Rs 2,664 crore in Q2 FY25, with underlying volume growth of 5% in the domestic business and constant currency growth of 13% in the international business. Star Health and Allied Insurance's standalone net profit declined 11% to Rs 111 crore in Q2 FY25 as compared with Rs 125 crore in Q2 FY24. Net premium jumped 16% YoY to Rs 3,704 crore during the quarter. Motisons Jewellers' standalone net profit surged 100% to Rs 10 crore on 21.11% increase in revenue from operations to Rs 109 crore in Q2 FY25 over Q2 FY24. Hitachi Energy's standalone net profit jumped 111% to Rs 52 crore on 26.5% increase in revenue to Rs 1,554 crore in Q2 FY25 over Q2 FY24. Allied Blenders & Distillers' net profit surged 318.87% to Rs 47.5 crore on 1.97% jump in revenue from operations to Rs 867.67 crore in Q2 FY25 over Q2 FY24. Kaynes Technology's consolidated net profit fell 5.73% to Rs 115 crore on 7.25% decline in revenue to Rs 572 crore in Q2 FY25 over Q2 FY24. Glaxosmithkline Pharmaceuticals' consolidated net profit jumped 15.59% to Rs 252 crore on 5.53% increase in revenue to Rs 1,010 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Revenue from operations increased 7.59% YoY to Rs 2,664 crore in Q2 FY25, with underlying volume growth of 5% in the domestic business and constant currency growth of 13% in the international business. Profit before tax grew by 15.96% to Rs 552 crore in Q2 FY25 as compared with Rs 476 crore reported in Q2 FY24. EBITDA stood at Rs 522 crore in Q2 FY25, up 5% as compared with Rs 497 crore in Q2 FY25. EBITDA margin reduced by 50 bps to 19.6% in Q2 FY25 as against 20.1% in Q2 FY24. A&P spends was up 8% YoY, as the company sustained investments towards strategic brand building. Domestic revenue was at Rs 1,979 crore, up 8% YoY, as volume growth was supplemented by price hikes in the Coconut Oil portfolio and favorable reversal in the pricing cycle in Saffola Oils. Alternate channels continued to gain salience vis-'-vis General Trade. Parachute Rigids registered 4% volume growth. Volume offtakes grew in high single digits, resulting in around 120 bps gain in market share on MAT basis. The brand recorded 10% revenue growth, aided by pricing interventions made at the start of the year. Value-Added Hair Oils declined 8% YoY in value terms amidst persistent sluggishness and competitive headwinds in the bottom of the pyramid segment. The franchise gained around 110 bps in value market share during the quarter, as mid and premium segments of the franchise fared relatively better. The growth trajectory of the franchise has bottomed out and we expect gradually improving trends ahead Saffola Edible Oils delivered flattish volumes, while revenues grew 2% YoY after the pricing cycle for the brand turned slightly favorable after 8 quarters. Foods posted robust 28% value growth YoY and crossed Rs 1,000 crore in ARR in Q2. Saffola Oats delivered mid teen growth, while the relatively newer franchises fared healthily. It had launched Saffola Masala Millets during the quarter. Premium Personal Care continued its strong run during the quarter, led by the Digital-first portfolio. The Digital-first brands crossed 525 crore in ARR in Q2. Beardo continued to scale ahead of expectations and is on course to deliver double-digit EBITDA margin this year. Just Herbs and the personal care portfolio of Plix continued to gain traction. Within the International business, Bangladesh registered 8% CCG (constant currency growth) as the business stayed resilient amidst challenges in the operating environment, which progressively subsided in the latter half of the quarter. The fundamentals and medium-term growth construct of the business remain intact. Vietnam grew 7% in cc terms on the back of a recovery in demand in HPC categories. MENA delivered 43% CCG with strong performance in the Gulf region and Egypt. South Africa registered 20% CCG with both the Hair Care and Health Care franchises faring well. NCD and Exports posted 20% growth. On outlook front, the company said, 'The encouraging demand trends in the first half of the year holds promise of an improving trajectory in the second half. Amidst the backdrop of improving macro-indicators, we expect a gradual uptick in the growth of our core categories in the domestic business through the ongoing initiatives to enhance the profitability of our General Trade (GT) channel partners and transformative direct reach expansion under Project SETU. We will continue to aggressively diversify the portfolio through the scale up of Foods and Premium Personal Care portfolios, while improving profitability parameters in line with our medium-term strategic priorities. After successful initiatives towards refinements in supply chain and GTM during FY24, we aim to grow Foods at 20-25%+ CAGR to 2x of FY24 revenues in FY27. The Digital-first portfolio is expected to exit FY25 at an ARR of around Rs 600 crore and scale to 2x of FY24 ARR in FY27. Consequently, we expect the domestic revenue share of the Foods and Premium Personal Care portfolios to expand to around 25% by FY27. After the structural GM expansion of around 800 bps in FY24, we expect a gradual improvement in gross and operating margins of the Foods portfolio as we scale over the medium term. We are on course to deliver double-digit EBITDA margin in Beardo this year. We will aim to replicate the Beardo playbook as we scale the Digital-first franchises and achieve double-digit EBITDA margin in the portfolio in FY27. The International business has grown from strength to strength in the face of transient headwinds in select regions. We aim to maintain the double-digit constant currency growth momentum over the medium term Consolidated revenue growth is likely to move into double digits in the second half of the year. Operating margin in the first half has been in line with the corresponding period of the preceding year. In view of the higher-than anticipated degree of inflation in copra prices and sharp import duty hike in vegetable oils, the Company will focus on its stated revenue growth aspiration while remaining watchful on the margin front during the second half of the year.' Saugata Gupta, MD & CEO, said, 'We closed the first half of the fiscal on a fairly positive note with the growth trajectory of the business heading in the right direction. We have delivered healthy volume-led revenue growth in the domestic business buoyed by sustained market share and penetration gains across core portfolios. Foods and Digital-first brands continued to ramp up impressively and reinforce the diversification agenda. The international business has exhibited remarkable strength despite challenging operating conditions in select markets. We will take calibrated pricing actions in response to the rising trend in input costs, while focusing on achieving our stated growth aspirations for the year.' Marico is one of India's leading consumer products companies in the global beauty and wellness space. Its portfolio includes brands such as Parachute, Saffola, Saffola FITTIFY Gourmet, Saffola ImmuniVeda, Saffola Mealmaker, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Coco Soul, Revive, Set Wet, Livon and Beardo. The scrip shed 0.83% to settle at Rs 628.80 on the BSE. Powered by Capital Market - Live