Although growth has not reached accelerated levels, the earnings of Marico Limited have been good in the past year. With a high ROE and a substantial profit margin, the share price has seen more highs than lows. Right now, the share price is down in March 2023, but there is some prospect of a rise again in the future months.
The dividend yield of Marico is 1.93% (March 2022).
The EPS (diluted) of Marico Limited is Rs. 2.53 (December 2022).
The stock has performed quite well, given that inflation has hit most stocks in the market quite negatively. With a somewhat stable performance, Marico Limited stock is good if you are in the running for a steady investment.
Marico Limited's share price is affected by market conditions, and the demand and supply of the products (household products) it produces. Recently, Marico displayed a tepid demand for its products as consumers chose more affordable brands for their needs.
Marico Limited has been paying regular interim dividends since the year 2000.
Between 5th and 11th May 2023, Marico shares have shown good growth. On 11th May, the shares closed at rupees 542.60. Different analysts give different forecasts of the stock price. The share price is expected to reach rupees 590, and investors might buy the stock to capture the gains.
The highest share price recorded by Marico was rupees 607.70.
The gross margin for the company hit a 23-quarter high of 51.3% in Q3FY24, driven by softer input costs. The EBITDA margin for the company is also modelled at 22% during the period FY24-26. Our analysts have retained a 'BUY' outlook on the stock with a target price of 625.
Yes, Marico has a solid foundation and is one of the leading names in the FMCG sector. It has a market capitalization of rupees 70085.17 crores with a good financial track record.
Marico declared an interim dividend of rupees 4.50 per share on 27th February 2023.
Some of the recent Marico stock news are as follows –