Stock Name : Marico Limited /Tips Open Buy : 355.85 Posted Date : July 20, 2020
Stopless/Horizon : 335/2Months Target : 415 Results Achieved (Yes/No) :

Marico Limited is one of India’s leading consumer products companywith diverse product portfolio including coconut oil, hair oils, premium refined edible oils in consumer packs, premium hair care, healthy foods and male grooming.

Marico was established in 1990, it has 8 factories in India and its headquarters is in Mumbai. Marico also has a factory in Bangladesh whichit operates through its wholly owned subsidiary, Marico Bangladesh Limited.

Marico is a Large Cap company with a market capital of Rs 44869.33 Crore. SaugataGupta serves as Managing Directorand CEO at Marico Limited and Mr. Harsh C. Mariwalais the Chairman. Currently, the Mariwala family owns about 60% stake in Marico.

Marico has developed multiple brands in the categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care.

Currently, Marico presence in 25 countries across the Middle East, North Africa, South-east Asia, and South Africa.

Marico manufactures and markets products under the brands Parachute, Parachute Advanced, Saffola, Hair & Care, Nihar, Nihar Naturals, Livon, Set Wet, Mediker and Revive among others.

Marico’s international portfolio includes brands, such as Fiancee, HairCode, Camelia, Aromatic, Caivil, Herccules, Black Chic, Ingwe, Code 10, X-men, LOvite and Thuan Phat.

The company has around 7,000 stockist and distributors who provides the retail reach of over 50 lakh outlets in India.

Marico Limited has a leading position in the branded coconut oil market in Indiawith an overall volume market share of around 62% (for year ending March 31, 2020).

Marico Limited reported a consolidated sale of Rs 1496.00 Crorefor the quarter ended 31-03-2020. This is down by -17.98 % from last quarter sales of Rs 1824.00 Crore and down -7.02 % from last year same quarter sales of Rs 1609.00 Crore. Marico Limited reported net profit after tax of Rs 200.00 Crore in latest quarter. By the end of 31st of March 2020, Marico has a total of 1,291,018,088 shares outstanding.

For the year ending March 2020, Marico has declared an equity dividend of 675.00% amounting to Rs 6.75 per share. At the current share price of Rs 344.25 this results in a dividend yield of 1.96%.

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