Jul 06, 2022 12:44 PM IST

Marico’s Q1 update shows a pathway for FMCG earnings revival

A reversal in commodity prices from their recent peaks, even as product prices have risen, could lead to a favourable situation for margins eventually

CLSA retains 'underperform' rating on Marico after decline in India business volume

Lower commodity costs aid margin but weak demand outlook is a concern, CLSA said. It sees its India revenue declining in low single digits while international constant currency revenue is likely to grow in the high teens.

Marico reports mid-single-digit volume decline in domestic market in April-June

Current trends indicate that consumers "titrated consumption" in some non-essential categories and either "down-traded among brands or switched to smaller packs" in the essential categories, said Marico.

Marico acquires D2C breakfast and snacks brand True Elements

Marico’s other bets on the D2C segment include male grooming brand Beardo and organic beauty brand Just Herbs.

Hold Marico; target of Rs 530: ICICI Direct

ICICI Direct recommended hold rating on Marico with a target price of Rs 530 in its research report dated May 06, 2022.

Buy Marico; target of Rs 600: Motilal Oswal

Motilal Oswal is bullish on Marico recommended buy rating on the stock with a target price of Rs 600 in its research report dated May 05, 2022.

Buy Marico: target of Rs 645: Sharekhan

Sharekhan is bullish on Marico has recommended buy rating on the stock with a target price of Rs 645 in its research report dated May 05, 2022.

Accumulate Marico; target of Rs 547: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on Marico with a target price of Rs 547 in its research report dated dated May 05, 2022.

Buy Marico; target of Rs 603: YES Securities

YES Securities is bullish on Marico has recommended buy rating on the stock with a target price of Rs 603 in its research report date May 05, 2022.

Hold Marico; target of Rs 557: Arihant Capital

Arihant Capital recommended hold rating on Marico with a target price of Rs 557 in its research report dated May 06, 2022.

FMCG margins to remain impacted in quarters ahead

Weighed down by inflation and tepid demand, FMCG players are pinning their hopes on a good monsoon — to revive rural demand, check the unabated price rise and ease the pressure on their margins.

Marico: Near-term headwinds a concern

The Street needs to track the food portfolio as Marico's next engine of growth

Marico Standalone March 2022 Net Sales at Rs 1,686.00 crore, up 5.11% Y-o-Y

Marico Consolidated March 2022 Net Sales at Rs 2,161.00 crore, up 7.41% Y-o-Y

Marico Q4 results: Net profit up 13.2% to Rs 257 crore

Its revenue from operations during January-March 2022 jumped 7 per cent to Rs 2,161 crore, compared with Rs 2012 crore in the year-ago period.

Morning Trade | Adani group, TVS Motor, Marico, Dabur in earnings radar and deep dive into metals

On our radar today are Adani group stocks, TVS Motor, Dabur and Marico – all earnings candidates! In our what’s trending segment, we do a deep-dive into the metal space

FMCG Q4 Preview: Staples set to report another disappointing quarter

Consumer goods companies are operating in a challenging environment as inflation continues to impact their margins and demand scenario.

Geopolitical situation, rising inflation forcing industry to increase prices, says Harsh Mariwala

The Chairman of Marico, Harsh Mariwala also shared his views on the rising inflation levels, crude oil prices, and Agri shortage’s impact on industries and the FMCG industry in particular.

Marico Q4 PAT seen up 6.1% YoY to Rs. 240.9 cr: ICICI Direct

Net Sales are expected to increase by 9 percent Y-o-Y (down 8.9 percent Q-o-Q) to Rs. 2,193.8 crore, according to ICICI Direct.

Marico Q4 PAT seen up 1.9% YoY to Rs 242.5 cr: Motilal Oswal

Net Sales are expected to increase by 8.6 percent Y-o-Y (down 9.2 percent Q-o-Q) to Rs 2,185.9 crore, according to Motilal Oswal.

Marico shares under pressure after business update; global brokerages expect up to 26% upside

The company's revenue growth in January-March was in low single digit while volumes were marginally positive on an exceptionally high 25 percent base, which led to double-digit volume growth on a two-year CAGR basis.

Marico: Volumes remain elusive, marginal profit growth seen in Q4

Core portfolio — Parachute hair oil and VAHO — unable to grow

Dabur scores over Marico in coconut oil category

Data from a top consulting firm shows that while Dabur’s market presence increased substantially over the last three years, Marico’s penetration has remained almost flat

ITC surges 17% in March, the most in 16 months

This comes as peers have dropped on fears of margin pressure due to rising input costs

FMCG makers tap the next big thing in beauty care — onions

Companies such as Marico, Emami and Bajaj Consumer have launched hair care products containing onion, following the example of direct-to-consumer brands like Mamaearth and Wow Skin Science.