MARICO Surges by 5%; BSE FMCG Index Up 1.5%
May 5, 2020 09:25 AM

MARICO share price has zoomed 5% and is presently trading at Rs 302.

Meanwhile, the BSE FMCG Index is at 10,509 (up 1.5%).

Among the top Gainers in the BSE FMCG Index today are MARICO (up 5.4%) and GSK CONSUMER (up 5.1%).

E.I.D. PARRY (down 2.9%) and GILLETTE INDIA (down 3.9%) are among the top losers today.

Over the last one year, MARICO has moved down from Rs 340 to Rs 302, registering a loss of Rs 38 (down 11.9%).

On the other hand, the BSE FMCG has moved down from 11,568 to 10,509, loss of 1,059 points (down 9.2%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were NESTLE (up 68.9%), TATA CONSUMER PRODUCTS (up 67.4%) and GSK CONSUMER (up 48.6%).

What About the Benchmark Indices?

The BSE Sensex is at 32,264 (up 1.6%).

The top gainers among the BSE Sensex stocks today are ONGC (up 3.5%), AXIS BANK (up 3.3%) and INDUSIND BANK (up 2.8%). Other gainers include ICICI BANK (up 2.3%) and M&M (up 2.1%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 9,451 (up 1.6%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 4.2%), ONGC (up 3.7%) and UPL (up 3.6%). Other gainers include ZEE ENTERTAINMENT (up 3.6%) and AXIS BANK (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,600 to 32,264, registering a loss of 6,336 points (down 16.56%).

MARICO Financial Update...

MARICO net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Net Sales declined 2.0% to Rs 18.2 billion during the period as against Rs 18.6 billion in October-December 2018.

For the year ended March 2018, MARICO reported 1.9% increase in net profit to Rs 8.3 billion compared to net profit of Rs 8.1 billion during FY17.

Revenue of the company grew 6.7% to Rs 63 billion during FY18.

The current Price to earnings ratio of MARICO, based on rolling 12 month earnings, stands at 31.0x.