A reversal in commodity prices from their recent peaks, even as product prices have risen, could lead to a favourable situation for margins eventually
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.
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’s other bets on the D2C segment include male grooming brand Beardo and organic beauty brand Just Herbs.
ICICI Direct recommended hold rating on Marico with a target price of Rs 530 in its research report dated May 06, 2022.
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.
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.
Prabhudas Lilladher recommended accumulate rating on Marico with a target price of Rs 547 in its research report dated dated May 05, 2022.
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.
Arihant Capital recommended hold rating on Marico with a target price of Rs 557 in its research report dated May 06, 2022.
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.
The Street needs to track the food portfolio as Marico's next engine of growth
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.
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
Consumer goods companies are operating in a challenging environment as inflation continues to impact their margins and demand scenario.
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.
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.
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.
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.
Core portfolio — Parachute hair oil and VAHO — unable to grow
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
This comes as peers have dropped on fears of margin pressure due to rising input costs
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.