Page 2 - Marico
With brand Saffola, Marico eyes Rs 850-1,000 cr food business by FY24
FMCG firm Marico will continue to expand its health care brand Saffola as it aspires to build an Rs 850-1,000 crore business from its food portfolio by FY24, said a top company official. In the last two years, Marico has extended the brand Saffola in immunity, foods and recently launched mayonnaise and peanut butter, its Managing Director and CEO Saugata Gupta said. "We will continue to launch a significant aggressive innovation programme under the brand Saffola in line with our aspiration to create Rs 850-1,000 crore food portfolio by FY24," Gupta said while replying to the queries of shareholders in the AGM. Marico will continue to launch and expand the addressable market in the segment through Saffola or any new brand. Under the brand Saffola, Marico is selling various products, including noodles, oats, honey and immunity booster Chyawanprash, besides the edible oil. The food portfolio of Marico has already achieved the aspiration of reaching Rs 450-500 crore topline in FY22, G
 "With brand Saffola, Marico eyes Rs 850-1,000 cr food business by FY24")
Marico Q1 net profit rises 3% to Rs 377 cr; revenue up 1.3% to Rs 2,558 cr
The company had posted a net profit of Rs 365 crore in the April-June period a year ago, Marico said in a BSE filing.
 "Marico Q1 net profit rises 3% to Rs 377 cr; revenue up 1.3% to Rs 2,558 cr")
Vote against reappointment of Harsh Mariwala: SES to Marico's shareholders
Seeks approval for revision in remuneration payable to Marico's cost auditors
 "Vote against reappointment of Harsh Mariwala: SES to Marico's shareholders")
Marico's D2C brands have grown to Rs 500 cr business, says Mariwala
Marico, which has three D2C (direct to consumer) brands in its fold, now sees business worth Rs 500 crore from these internet-first FMCG offerings, the company's Chairman Harsh Mariwala said
 "Marico's D2C brands have grown to Rs 500 cr business, says Mariwala")
ITC can double from current levels; HUL, Marico may hit new highs
The current chart formation is akin to 2011, provided ITC ends August on a positive note. Post which, the stock can potentially double from current levels.
 "ITC can double from current levels; HUL, Marico may hit new highs")
Marico sees better margin in H2FY23 on likely cooling of commodity prices
FMCG firm Marico expects demand and margin trends to improve towards second half of FY23 on likely easing of crude and edible oil prices in next few months, said the latest annual report
Muted Q1 may cap upsides in Marico stock as leading brands underperform
The underperformance for the owner of Parachute and Saffola brands could continue as the June quarter operational performance for the India market was below expectations
 "Muted Q1 may cap upsides in Marico stock as leading brands underperform")
5 technical reasons to sell Marico, Dabur and buy Hindustan Unilever
Shares of Hindustan Unilever are exhibiting a major breakout, whereas Dabur India and Marico are not exhibiting much of a promise on the charts.
 "5 technical reasons to sell Marico, Dabur and buy Hindustan Unilever")
Marico's India business volume declines in mid-single-digits in Q1
The company's Parachute coconut oil also recorded a marginal volume decline in the quarter
 "Marico's India business volume declines in mid-single-digits in Q1")
Marico reports mid-single-digit volume decline in domestic mkt in Apr-Jun
Marico reported a volume decline "in mid-single digits" in its India business, as the sector continued to witness "tepid demand" as rising retail inflation exerted pressure on the share of wallet
Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants
Stocks to Watch Today: Shares of metal companies are also to be in focus as copper prices fell to 17-month lows amid new COVID restrictions in China, slowing global manufacturing activity and a jump i
 "Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants")
Marico acquires 54% stake in breakfast & snacks brand True Elements
FMCG major Marico on Monday said it has acquired a majority 54 per cent stake in the digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount.
 "Marico acquires 54% stake in breakfast & snacks brand True Elements")
Marico chief Harsh Mariwala is the EY Entrepreneur of the Year
Mariwala will represent India at the EY World Entrepreneur of the Year Award to be held in June
 "Marico chief Harsh Mariwala is the EY Entrepreneur of the Year")
Uncertain growth outlook may be a drag on Marico in the near term
Stable price outlook for inputs such as copra, however, is a positive
 "Uncertain growth outlook may be a drag on Marico in the near term")
Uncertain growth outlook across key categories may be a drag on Marico
However, some brokerages are cautious about growth trends though the company is better placed than peers on the raw material front
 "Uncertain growth outlook across key categories may be a drag on Marico")
Marico Q4 net profit rises 13.2% to Rs 257 cr; revenue up by 7.4%
FMCG firm Marico Ltd on Thursday reported a 13.21% rise in consolidated net profit to Rs 257 crore for the fourth quarter ended March 2022.
Marico expects low single-digit growth in India revenue in Q4 FY22
FMCG major Marico said its domestic business in the January-March quarter stayed relatively firm, helped by "low single-digit" revenue growth and marginally positive volumes.
Marico better placed than peers on costs amid commodity surge
Lower copra costs and price cuts to aid volumes and margins
 "Marico better placed than peers on costs amid commodity surge")
Entrepreneurs to take country to higher growth, prosperity: Marico chairman
Entrepreneurs will lead the country to higher growth and prosperity, Marico Chairman Harsh Mariwala opined and suggested businesses to adopt a transformative 'digital approach' for sustainable growth.
Here is a derivative strategy on Marico by Nandish Shah of HDFC Securities
The stock price of Marico has broken out from the flag pattern on the daily chart
