Citi has reiterated its buy recommendation on Marico but raised the target price to Rs 610 per share. Analysts anticipate an improvement in growth trajectory for FY25, driven by accelerated volume growth and pricing-led strategies.
Marico Share Price: The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.
Marico stock zoomed 9.29% to Rs 539.5 on BSE against the previous close of Rs 493.65 on BSE. The large cap stock has gained 5.32% in one year and risen 4% since the beginning of this year.
Marico Q4 earnings: Net profit climbed 18.67% to Rs 305 crore in the January-March quarter compared to Rs 257 crore profit in the corresponding period a year ago