- Marico’s net income for the first quarter amounted to 5.04 billion rupees, exceeding estimates and showing an 8.6% increase compared to the same period last year.
- The company’s revenue reached 32.6 billion rupees, a 23% rise year over year, and surpassed the estimated 31.98 billion rupees.
- Revenue from India was 25 billion rupees, representing a strong 28% year-over-year growth and beating the estimated 23.9 billion rupees.
- International revenue stood at 7.64 billion rupees, marking a 12% increase compared to the previous year, and slightly above the 7.47 billion rupees estimate.
- Total costs increased by 28% year over year to 26.6 billion rupees.
- Raw material costs were 11.8 billion rupees, an increase of 6.6% compared to last year, and lower than the estimated 15.93 billion rupees.
- The company reported other income of 560 million rupees, showing a significant 51% increase year over year.
- The current analyst recommendations include 31 buy ratings, 9 hold ratings, and 3 sell ratings.
A look at Marico Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Marico Ltd, a company in the beauty and wellness space, has received varying Smart Scores in different categories. With a strong resilience score of 5, the company shows robustness in facing challenges and adapting to market changes. This indicates that Marico Ltd is well-equipped to navigate uncertainties and maintain stability over the long term.
Furthermore, the company has scored well in momentum, earning a score of 4. This suggests that Marico Ltd is likely to continue its current trend of growth and perform steadily in the market. With average scores in value, dividend, and growth categories, the company has a solid foundation to capitalize on its strengths and build upon its momentum for sustained success in the future.
Summary: Marico Limited is a consumer products manufacturer known for its presence in various beauty and wellness categories such as Coconut Oil, Hair Oils, and Skin Care Services through Kaya Skin Clinics. The company’s Smart Scores indicate a strong resilience and momentum, positioning it well for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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