Marico shares down 0.31% as Nifty gains

economictimes.indiatimes.com:

Marico Ltd. traded 0.31 per cent down in Friday's trade at 12:38PM (IST). Around 8,433 shares changed hands on the counter.
The stock opened at Rs 500.85 and touched an intraday high and low of Rs 504.0 and Rs 495.0, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 595.0 and a 52-week low of Rs 462.95.

As per BSE, the total market cap of the Marico Ltd. stood at Rs 64466.17 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 2465.0 crore for the quarter ended 31-Dec-2023, down 1.95 per cent from previous quarter's Rs 2514.0 crore and down 1.79 per cent from the year-ago quarter's Rs 2510.0 crore.
The net profit for latest quarter stood at Rs 383.0 crore, up 16.77 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, DIIs held 3.08 per cent stake in the company, while foreign institutional investors held 25.69 per cent and the promoters 59.36 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 44.0 and a price-to-book ratio of 16.29. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Marico Ltd. belongs to the Personal Care industry.