ABOUT THE COMPANY
Marico is a leading Indian Group in Consumer Products & Services in the Global Beauty and Wellness space. Marico's Products and Services in Hair care, Skin Care and Healthy Foods. Marico's branded products are present in Bangladesh, other SAARC countries, the Middle East, Egypt, Malaysia and South Africa.Marico markets well-known brands such as Parachute, Saffola, Sweekar, Hair & Care, Nihar, Shanti, Mediker, Revive, Manjal, Kaya, Aromatic, Fiancee, HairCode, Caivil, Code 10 and Black Chic.
ABOUT THE FINANCIALS
Marico had posted fairly a good results for the third quarter of 2010-11 despite the raging food inflation.It has an volume growth of 15%. YoY revenue grew 22%.OPM going up by 257 bps at 12.2% (due to rising raw material prices). Net profit was up 12%.
NEWS FLASH
1. 4th quarter of financial year 2010-11 is expected to be stable.
2. The company does not plan any more aggressive price hikes but use control costs to keep a tab on margins.
ABOUT THE STOCK
The news of the company being in the process of restructuring its business and is planning to sell its edible oil brand ;Sweekar’. News of probability of other brands also being put on the block has emerged were the reasons that the stock has been in lime light and a quick move was noticed in the price of the stock in past few sessions.
ABOUT THE FINANCIALS
Marico had posted fairly a good results for the third quarter of 2010-11 despite the raging food inflation.It has an volume growth of 15%. YoY revenue grew 22%.OPM going up by 257 bps at 12.2% (due to rising raw material prices). Net profit was up 12%.
NEWS FLASH
1. 4th quarter of financial year 2010-11 is expected to be stable.
2. The company does not plan any more aggressive price hikes but use control costs to keep a tab on margins.
ABOUT THE STOCK
The news of the company being in the process of restructuring its business and is planning to sell its edible oil brand ;Sweekar’. News of probability of other brands also being put on the block has emerged were the reasons that the stock has been in lime light and a quick move was noticed in the price of the stock in past few sessions.
