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Marico Ltd

MARICO

Marico Ltd

MARICO
Consumer StaplesFMCG - Personal Products
MidcapWith a market cap of ₹82,127 cr, stock is ranked 110
Low RiskStock is 1.91x as volatile as Nifty
633.750.12% (-0.75)
633.750.12% (-0.75)

Price Chart

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Consumer StaplesFMCG - Personal Products
MidcapWith a market cap of ₹82,127 cr, stock is ranked 110
Low RiskStock is 1.91x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer StaplesFMCG - Personal Products
MidcapWith a market cap of ₹82,127 cr, stock is ranked 110
Low RiskStock is 1.91x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
51.2019.701.49%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
47.189.341.57%

Forecast & Ratings

Detailed Forecast 
83%
Analysts have suggested that investors can buy this stock

from 35 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Marico Limited is a consumer products company operating in the beauty and wellness space. The Company's principal products include edible oils and value added hair oils. Company's brands include Parachute, Nihar, Saffola, Hair & Care and Livon.

PE Ratio
-192.14
1Y Return
11.80%
Buy Reco %
75.76
PE Ratio
50.00
1Y Return
4.48%
Buy Reco %
55.00
PE Ratio
50.86
1Y Return
4.33%
Buy Reco %
39.13
PE Ratio
66.94
1Y Return
16.54%
Buy Reco %
50.00
PE Ratio
62.97
1Y Return
12.44%
Buy Reco %
100.00
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 6.91%, vs industry avg of 6.72%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 19.51% to 18.98%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 5.86%, vs industry avg of -2.34%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue6,110.126,014.106,944.008,044.008,181.008,956.0010,647.0011,168.0011,236.0010,555.00
Raw Materialssubtract3,010.452,430.113,129.003,627.003,072.003,756.004,992.004,579.004,149.008,256.00
Power & Fuel Costsubtract31.0629.3234.0037.0036.0027.0032.0035.0037.00
Employee Costsubtract373.40404.18422.00466.00478.00570.00586.00653.00743.00
Selling & Administrative Expensessubtract1,120.871,160.751,556.001,701.001,931.001,960.002,364.002,715.003,034.00
Operating & Other expensessubtract430.16734.16581.00785.001,100.00947.00894.001,232.001,105.00
Depreciation/Amortizationsubtract94.8690.3089.00131.00140.00139.00139.00155.00158.00167.00
Interest & Other Itemssubtract20.6216.5816.0040.0050.0034.0039.0056.0073.0058.00
Taxes & Other Itemssubtract317.22350.11303.00143.00353.00351.00376.00441.00456.00470.00
EPS5.526.196.318.637.919.089.4910.0911.4712.42
DPS4.253.504.254.756.757.509.254.509.506.50
Payout ratio0.770.570.670.550.850.830.970.450.830.52

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
Consumer StaplesFMCG - Personal Products

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Marico Ltd55.4519.701.49%
Godrej Consumer Products Ltd-192.148.551.42%
Dabur India Ltd50.008.941.06%
Colgate-Palmolive (India) Ltd50.8635.922.34%

Price Comparison

Compare MARICO with any stock or ETF
Compare MARICO with any stock or ETF
MARICO
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.52%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding59.11%6.32%6.54%23.36%4.68%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '2425.91%25.69%25.54%24.61%24.87%23.36%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.40%

Top 5 Mutual Funds holding Marico Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.6601%1.85%0.41%51/84 (+3)
0.6539%6.24%0.46%6/39 (+1)
0.3461%2.88%0.31%9/67 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Marico Ltd

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FMCG Tracker

FMCG Tracker

Created by Windmill Capital

MARICO's Wtg.
9.71%
CAGR
11.10%

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

MARICO has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.49%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹14.93 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateFeb 7, 2025

Interim
Interim | Div/Share: ₹3.50

Dividend/Share

₹3.50

Ex DateEx Date

Feb 7, 2025

Cash Dividend

Ex DateEx DateMar 6, 2024

Interim 2
Interim 2 | Div/Share: ₹6.50

Dividend/Share

₹6.50

Ex DateEx Date

Mar 6, 2024

Cash Dividend

Ex DateEx DateNov 7, 2023

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

₹3.00

Ex DateEx Date

Nov 7, 2023

Cash Dividend

Ex DateEx DateMar 8, 2023

Interim
Interim | Div/Share: ₹4.50

Dividend/Share

₹4.50

Ex DateEx Date

Mar 8, 2023

Cash Dividend

Ex DateEx DateFeb 4, 2022

Interim 2
Interim 2 | Div/Share: ₹6.25

Dividend/Share

₹6.25

Ex DateEx Date

Feb 4, 2022

News & Opinions
Earnings
Marico consolidated net profit rises 4.18% in the December 2024 quarter

Net profit of Marico rose 4.18% to Rs 399.00 crore in the quarter ended December 2024 as against Rs 383.00 crore during the previous quarter ended December 2023. Sales rose 15.36% to Rs 2794.00 crore in the quarter ended December 2024 as against Rs 2422.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2794.002422.00 15 OPM %19.0821.18 - PBDT562.00537.00 5 PBT518.00495.00 5 NP399.00383.00 4 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Marico fixes record date for interim dividend

Marico has fixed 07 February 2025 as record date for interim dividend of Rs 3.50 per equity share of Re 1 each for FY 2024-25 . The dividend will be paid on or before 02 March 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Marico Q3 PAT rises 4% YoY to Rs 399 crore in FY25;declares dividend of Rs 3.50/sh

Revenue from operations increased 15% YoY to Rs 2,794 crore in Q3 FY25, with underlying volume growth of 6% in the domestic business and constant currency growth of 16% in the international business. Profit before tax grew by 4.64% to Rs 518 crore in Q3 FY25 as compared with Rs 495 crore reported in Q3 FY24. EBITDA stood at Rs 533 crore in Q3 FY25, up 4% as compared with Rs 513 crore in Q3 FY25. EBITDA margin fell by 210 bps to 19.1% in Q3 FY25 as against 21.2% in Q3 FY24. A&P spends rose by 19% YoY, reflecting its strategic focus on continually strengthening franchises and driving diversification. Domestic revenue grew 17% YoY to Rs 2,101 crore, driven by price hikes in core portfolios to offset the rise in input costs. Among channels, MT and e-commerce (including Quick Commerce) led with high double-digit volume growth, while GT remained flat. Parachute Rigids achieved 3% volume growth, despite a 1% impact from the reduction in ml-age on key price-point packs, implemented instead of a price increase. The brand demonstrated resilience even amid the steeper-than-expected rise in copra prices. Volume offtakes grew in the high single digits, resulting in a 140bps market share gain on a MAT basis. Revenue grew by 15%, supported by pricing hikes earlier this year. Additionally, the brand implemented a further 5% price increase towards the end of the quarter, as copra prices are expected to remain elevated. The impact of the sharp rise in copra prices and recent brand pricing on near-term consumption will be closely monitored. Value-Added Hair Oils (VAHO) saw a 2% decline in value terms but showed clear signs of recovery on a sequential basis. The mid and premium segments performed relatively better, contributing to a 70-bps gain in value market share on a MAT basis. The firm expects gradual improvement in VAHO, supported by ATL investments, brand activations, and the recovering sentiment in rural consumption. Saffola Edible Oils showed stability, achieving low-single-digit volume growth despite the sharp rise in vegetable oil prices. The brand saw a 24% revenue growth, driven by pricing interventions made in recent months. The Foods segment posted a strong 31% value growth YoY, approaching Rs 1,000 crore ARR in Q3. Saffola Oats achieved double-digit growth, while newer franchises performed well. Premium Personal Care continued its strong performance in the quarter, driven by the digital-first portfolio. The portfolio, which includes Beardo, Just Herbs, and Plix's personal care offerings, exceeded expectations, reaching Rs 600 crore in ARR in Q3. Beardo is on track to achieve double-digit EBITDA margins this year. Within the international business, Bangladesh posted 20% CCG (constant currency growth), demonstrating strong resilience of the business model amidst a challenging macro environment. The fundamentals and medium-term growth construct of the business remain intact. MENA delivered 35% CCG with broad-based growth in the Gulf region and Egypt. South Africa registered 17% CCG, with both the Hair Care and Health Care franchises faring well. Southeast Asia had a soft quarter. NCD and exports posted 15% growth. On outlook front, the company said, 'Amidst the stable macro backdrop, we expect gradual improving growth trends in the core categories of our domestic business through the ongoing initiatives to support select General Trade (GT) channel partners and transformative expansion in our direct reach footprint under Project SETU. We also continue to draw confidence from healthy offtakes, penetration, and market share gains in our key portfolios. The company's ongoing investment in scaling up its Foods and Premium Personal Care portfolios has led to a noticeable shift in the revenue structure, enabling differentiated growth despite slower demand in mass consumption-driven segments in recent quarters. The focus remains on aggressively diversifying the portfolio in line with medium-term strategic goals. Following structural improvements in supply chain and GTM last year, the company aims to grow Foods at a 20-25% CAGR, doubling FY24 revenues by FY27. The digital-first portfolio is expected to exceed Rs 600 crore in ARR by FY25 and double FY24 ARR by FY27. The domestic revenue share from these portfolios is projected to reach around 25% by FY27. After an 800 bps gross margin improvement in FY24, gradual margin improvements are expected in the Foods portfolio as it scales. Beardo is on track to deliver a double-digit EBITDA margin this year, with plans to replicate this success in the digital-first portfolios, targeting a double-digit EBITDA margin by 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. In the medium term, we aim to deliver double-digit revenue growth through consistent outperformance vis-'vis the category and market share gains in the domestic core portfolios, accelerated growth in the Foods and Premium Personal Care, and double-digit constant currency growth in the international business. We also expect operating margin to inch up over the medium term with leverage benefits as well as premiumization of the portfolios across both the domestic and international businesses.' Saugata Gupta, MD & CEO, commented, 'We have delivered a considerably resilient performance in this quarter with the highest underlying volume and revenue growth in 13 quarters. The core domestic portfolios have held firm amidst inflationary conditions and witnessed market share and penetration gains, with the accelerated scale-up in food and digital-first brands visibly advancing the diversification agenda. The robust momentum in the overseas business, despite challenging operating conditions in select markets, reinforces our medium-term growth algorithm. While the sharper-than-anticipated rise in input costs will have some transient impact on margins in the near term, we remain biased towards driving top-quartile volume growth and double-digit revenue growth in the near and medium term.' Meanwhile, the board has declared an interim dividend of Rs 3.50 per share, as on the record date, i.e., 7 February 2025. The date of payment of the interim dividend will be on or before Sunday, 2 March 2025. 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, Fitty Gourmet, Saffola ImmuniVeda, Saffola Mealmaker, Hair & Care, Parachute Advanced, Nihar Naturals, Mediker, Coco Soul, Revive, Set Wet, Livon, and Beardo. Shares of Marico rose 0.05% to currently trade at Rs 672.70 on the BSE. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Board of Marico recommends Interim Dividend

Marico announced that the Board of Directors of the Company at its meeting held on 31 January 2025, has recommended a Interim dividend of Rs.3.5 per share (i.e.350%), subject to the approval of the shareholders.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Marico fixes record date for interim dividend

Marico has fixed 07 February 2025 as record date for payment of interim dividend, if declared, for FY 2024-25. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Marico drops as rising input cost expect to hit gross margins YoY in Q3 FY25.

The consolidated business delivered mid-teen revenue growth on a year-on-year basis, thereby staying on course to meet the double-digit growth aspiration on a full year basis. It expects modest operating profit growth on a year-on-year basis The FMCG company said that its domestic business posted a sequential uptick in underlying volume growth with sustained market share gains across key franchises. Parachute Coconut Oil was resilient amidst the rising input cost and pricing environment, albeit slightly moderating in volume terms on a sequential basis. The brand recorded low teen revenue growth, aided by pricing interventions during the current year. The brand has taken another round of price increase towards the end of this quarter as copra prices remained firm. Saffola Oils held firm in volume terms despite steep pricing interventions in response to the rise in vegetable oil prices. The brand posted high teen revenue growth. Value Added Hair Oils declined marginally owing to competitive headwinds in the bottom of the pyramid segment, although the healthier trajectory in mid and premium segments is aiding gradual recovery as compared with the preceding quarter. Foods and Digital-first brands sustained their strong growth momentum and continued to deliver well-ahead of aspirations. The International business delivered broad based mid-teen constant currency growth. Bangladesh continued to demonstrate visible strength and resilience with high double digit constant currency growth. Vietnam had a soft quarter in a sluggish consumption environment. MENA and South Africa maintained their robust double digit growth momentum. Among key inputs, copra prices remained firm at higher-than-expected levels and vegetable oil prices moved up during the quarter, while crude oil derivatives remained rangebound. The company stated that it will focus on its stated volume-driven revenue growth aspiration while remaining watchful on the margin front in the near term. Meanwhile, the company's board scheduled to meet on 31 January 2025 to consider and approve the unaudited standalone & consolidated financial results for the quarter ended December 31, 2024. 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 FMCG major 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. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Marico to table results

Marico will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Marico allots 27,397 equity shares under ESOP

Marico has allotted 27,397 equity shares under ESOP on 17 December 2024. With this allotment, the paid up equity share capital has increased to 1,29,52,46,044 equity shares of Re. 1 each aggregating to Rs. 1,29,52,46,044/-. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Marico Ltd spurts 1.22%

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

2 months agoCapital Market - Live
Corporate
Marico allots 24,844 equity shares under ESOP

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

2 months agoCapital Market - Live